Splitting Transactions

Introduction

With Mazlo, you can split transactions by adding line items. Each line item can be allocated to a different account and coded for a unique purpose. This feature aims to help you manage your organization's finances with precision and flexibility. Now you can easily see resulting internal transfers from a financial split by clicking on the linked credit and debit within the original transaction.

Split a Check Deposit into Multiple Accounts

Step 1: From the Deposit Details, Click ‘Add Line Item’

Step 2: Update the Amounts of All Line Items to be Balanced

Adjust the amount of the first line item.

Enter the amount of the additional line item.

When a transaction is perfectly balanced, the sum of all the rows will equal the amount of the original transaction.

Step 3: Add the Details of the New Line Item

Click the Accounting Code field.

Select the accounting code for this portion of the deposit.

You can add other relevant details for this line item, such as the donor's name, a program code, the grant profile, a description, and upload attachments.

Step 4: Assign the Additional Line Item to Another Account to Conduct an Internal Transfer

Click 'Assign to another account.'

Select the account that the additional line item will be transferred to.

When the target project account has a different shared cost percentage set, you will see that change reflected in the transaction details.

Step 5: 'Save' the Details of the New Line Item to Initiate the Internal Transfer

Once a new line item has been created, you must save the transaction details before settling any shared costs.

Click 'Save' to save the transaction details and initiate the internal transfer.

Review the internal transfer details and confirm. *This will transfer funds between the accounts.

Once the transaction details are saved and the internal transfer is initiated, you may view the linked credit and settle the shared cost.

(Optional) Settle the Shared Cost from the Linked Credit

Step 1: Click 'View Linked Credit' to Open the Internal Transfer Credit from the Financial Split

Step 2: From the Linked Credit Details, Click 'Settle Shared Costs'

Step 3: Confirm the Internal Transfer of the Shared Cost

Review the internal transfer details and confirm.

Once you settle the shared cost and confirm the internal transfer, the shared cost will be deducted from the deposit and transferred to the primary account.

Step 4: Make Changes to the Linked Credit and Review the Original Transaction

From the linked credit details, you can update the transaction details and view the updates within the original transaction details.

For example, update the accounting code within the linked credit.

Select a new accounting code.

Save the transaction details.

Click 'View Original Transaction.'

From the Original Transaction details, you will see the shared cost has been settled and the accounting code has been updated.

Split a Debit Transaction

Step 1: From the Debit Transaction Details, Click 'Add Line Item'

Step 2: Update the Amounts of All Line Items to be Balanced

Adjust the amount of the first line item.

Enter the amount of the additional line item.

When a transaction is perfectly balanced, the sum of all the rows will equal the amount of the original transaction.

Step 3: Add the Details of the New Line Item

Click the Accounting Code field.

Select the accounting code for this portion of the debit.

You can add other relevant details for this line item, such as the payment category, a program code, the grant profile, a description, and upload attachments.

Step 4: Assign the Additional Line Item to Another Account to Conduct an Internal Transfer

Click 'Assign to another account.'

Select the account that the additional line item will be transferred to.

This will initiate an internal transfer to credit the account that made the original payment.

Step 5: 'Save' the Details of the New Line Item to Initiate the Internal Transfer

Click 'Save' to save the transaction details.

Review the internal transfer details and confirm. *This will transfer funds between the accounts.

Once the transaction details are saved and the internal transfer is initiated, you may view the linked debit transaction.

(Optional) Update the Details of the Linked Debit Transaction

Step 1: Click 'View Linked Debit' to Open the Internal Transfer Credit from the Financial Split

Step 2: Make Changes to the Linked Debit and Review the Original Transaction

From the linked debit details, you can update the transaction details and view the updates within the original transaction details.

For example, update the accounting code within the linked debit.

Select a new accounting code.

Save the transaction details.

Click 'View Original Transaction.'

From the Original Transaction details, you will see the accounting code has been updated.

Contact Our Team

Please contact our team if you have any questions: [email protected].