Need help with how to categorize my rent payment

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Diane B
Diane B Member
Hi! My monthly rent is $4000.00. I split it with my boyfriend. I pay the rent via Zelle - and then he pays me $2000.00. (his bank does not allow zelle payments at this time) But it looks like my rental expense is $4000.00 a month when I look at my reports, when it's really only half that. How do I fix this? Thank you!!

Best Answer

  • Jon
    Jon SuperUser, Mac Beta Beta
    Answer ✓
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    When he pays you his half you should assign that transaction the same category as the rent payment. So you'll have two rent transactions each month - a $4000 payment and a $2000 income, leaving you with a net expense of $2000 in that category.

Answers

  • Jon
    Jon SuperUser, Mac Beta Beta
    Answer ✓
    Options

    When he pays you his half you should assign that transaction the same category as the rent payment. So you'll have two rent transactions each month - a $4000 payment and a $2000 income, leaving you with a net expense of $2000 in that category.

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