Split an expense across multiple accounts and dimensions
Some expenses need to be allocated across multiple accounts or dimensions. Using the Advanced accounting feature, you can split a single expense into several parts and allocate amounts to different accounts, cost centres, projects, or other dimensions, while still keeping it as one transaction in your accounting system.
This allows for accurate and detailed accounting without having to create multiple separate expenses.
How to split an expense
You can split an expense both on the web and in the Mynt app, but the process is slightly different:
On the web:
Log in and open the expense you want to split.
Scroll down to Advanced accounting.
Click Split to activate the function.
Create multiple parts and assign amounts to each account and dimension.
If needed, click Add part to create more. There is no limit to the number of parts.
In the app:
Go to the To-do tab and open the expense you want to split.
Tap Split.
If needed, tap Add part to create more parts.
What happens when exporting to your accounting system?
For customers with a direct integration between Mynt and their accounting system, a single voucher is created upon export, even if the expense is split into multiple parts. The split is shown as separate rows within the voucher.
Information such as date, comments, participants, and merchant name is shared across the entire voucher and applies to all parts of the split.
Common use case
A common example is a restaurant bill that includes both client entertainment and employee meals. The client entertainment portion can be coded as a representation expense with the correct VAT treatment, while the employee meal portion is coded to staff costs. Everything is handled within a single expense, ensuring clear and correct accounting.
Good to know
Splitting an expense only affects how the expense is allocated in accounting and does not change the total amount. Always make sure that the sum of all parts equals the total expense amount before saving.