Can I reallocate part of an expense value to a project using a general Journal? If not a general journal, then how can I reallocate please?

Yes, you can allocate a portion of the expense to a project using a journal entry, @info2185.

Before proceeding with the steps below, I recommend consulting with your accountant to determine the appropriate account to use when creating the journal entry to reallocate the expense.

Here’s how to do it:

1. Click on the +New button and select Journal Entry.
2. Filter the date and consult your accountant for the appropriate account.
3. Input the amount in the Debits and Credits section, along with a description.
4. In the Name column, choose the project to which you want to allocate part of the expense.
5. Fill in any other necessary details and then click Save.

Afterward, check the projects section to confirm that the selected account has been reflected. Here’s how:

1. Navigate to the left panel and choose Projects.
2. In the Search section, enter the name of the project you used.
3. Under the Overview section, verify that the account or amount is visible below.

You might find this guide useful for locating your transactions using the search feature: Search for transactions in QBO.

Also, check this article to help you generate and print a report with a journal entry: Print a journal entry.

On the other hand, consider engaging with our QuickBooks Live Expert Assisted team. They can help you with your transactions, projects, and journal entries.

We’re here to help if you have any other concerns about expense allocation to a project.