You can split one bill, like a phone plan or internet, between your household and one or more businesses. Turn on Partially Business Expense on the bill and set the business's percentage. That share counts as a business expense; the rest stays personal.
Before you start
- Business tracking needs Pro and at least one business. The switch only shows once you have a business.
Steps
- Go to Bills (opens in a new tab) and open the bill, or add a new one.
- Turn on Partially Business Expense.
- Choose the business from Select business....
- Set the percentage that belongs to that business. The line above shows the split, for example "30% business | 70% personal".
- To split with another business, click Add Another Business and set its percentage.
- Save the bill.
You can also add an expense from a business's own Expenses page. There the bill starts at 100% for that business, and you can lower it.
How it works
- The business's share is the bill amount times its percentage. It counts toward that business's expenses, which lowers its net profit.
- Lower profit lowers the owners' pass-through income for LLCs, S-Corps, partnerships, and sole proprietorships. It can also change the business value if you use a profit-based valuation.
Good to know
- The total across businesses can't be more than 100%. You'll see Total allocation cannot exceed 100% if it is.
- Turning the switch off removes all business splits from that bill.
FAQ
Can one bill be split across two businesses? Yes. Add a row for each business with its percentage. The total can't be more than 100%.
Does this make the expense tax-deductible? No. Beyond Payday only tracks the split you enter. Whether an expense is deductible is a question for a tax professional.
FAQ
Can one bill be split across two businesses?
Yes. Add a row for each business with its percentage. The total can't be more than 100%.
Does this make the expense tax-deductible?
No. Beyond Payday only tracks the split you enter. Whether an expense is deductible is a question for a tax professional.