How to Split a Credit Between FamZoo Accounts

As a FamZoo parent, you already know you can automatically split your child’s recurring allowance and/or chore payments between multiple accounts — like, say, spending, saving, and giving. Just define the splits once up front when you’re creating the allowance or the chore entry, and you’re all set.

But, what if you want to split a one-off deposit — like a birthday check from grandma or a babysitting payment — between accounts? Until last week, there was no super convenient way to do that. You had to calculate the split amounts in your head and credit each account separately. The new Split Credit feature takes care of all that for you in one simple step. You can either type in the specific split percentages you want, or you can quickly grab the split percentages off an existing allowance.

Here’s how it works:

Step 1: Look for the “Split Credit” Link

You can find the new Split Credit link in two places: (1) in the footers of the Account Balances and Account Activity sections on the Overview page or (2) in the Actions section of the left-hand sidebar on the Accounts and Transactions pages within the Bank tab. Note: you’ll only see the links if you have access to more than one account for a given family member.

Look for the Split Credit Link

Step 2: Choose a Family Member

In most cases, you’ll be asked to pick the family member for whom you’d like to split the credit. One exception is when you’re on the Transactions page. In that case, FamZoo will assume the desired family member is the owner of the account transactions you’re currently viewing, and you’ll jump directly to the next step.

Choose a Family Member for the Split Credit

Step 3: Fill in the Details

As the final step, fill in the date, description, total amount, and possibly a memo for your credit. Then, indicate how you’d like to split the total amount between accounts.

If your child has one or more allowances, they’ll be displayed in the split section, and you can select one to pick up its predefined split percentages. Or, you can always enter whatever split percentages you’d like directly in the last set of fields. That can be handy if you aren’t using allowances, or if you don’t want to split, say, a birthday check, in the same way that you’re splitting allowance payments — maybe your kids gets to spend more of their birthday money!

Click the Credit Accounts button, and you’re done.

Fill in the Split Credit Details

The End Result

If you browse the transactions for each split credit destination account, you’ll find an entry for the appropriate fractional credit. It’ll look something like this:

One of the Split Credit Transactions

We hope you’ll like the new Split Credit feature. Give it a spin, and let us know what you think.


Unknown aka The Blog Post Author

Is there a way to access the split credit feature from the mobile UI, ie. on an android phone? I only see the accounts list

Bill Dwight aka The Blog Post Author

Hi Joe, apologies but not just yet. We have it on our feature request list to add the capability from the mobile menu. We'll let folks know via the Newsletter when we get it in. -Bill

Unknown aka The Blog Post Author

If you want to set up three account for a child; saving, giving and spending, do you have to have a card for each account or can it be done on the one card?

Bill Dwight aka The Blog Post Author

Yes, if you want to have actual dollars in each account. A card just comes along for the ride with each account, but most parents just keep the saving and giving cards in their desk drawer so the kids are wandering around with them. Please see here for more info and an alternative approach with IOU accounts: https://blog.famzoo.com/2020/08/prepaid-card-vs-iou-accounts.html

Anonymous aka The Blog Post Author

I'll second the request to have the split credit option in the mobile UI. My wife would like to be able to easily add credits, according to our kids' splits, for chores without using the web interface.

Bill Dwight aka The Blog Post Author

Thank you for the feedback. Your up vote has been recorded in our feature database. Please note that you can access it from the app by switching in and out of Desktop UI mode as described here: https://blog.famzoo.com/p/famzoo-faqs.html#desktop-ui Just be sure to switch back to the mobile screens afterward. Not ideal, but it's a workaround for the time being.

Anonymous aka The Blog Post Author

Silly question, because I have a split credit for my kids already, but I can't for the life of me now find where it was that I set it up. And when I click on "How do I..." my only option is to say "Nevermind, I found it" or pick from one of the options that doesn't answer my questions. Ideas?

Anonymous aka The Blog Post Author

Oops! Nevermind, I'm sorry, I found it. It's on the overview screen at the very bottom. Again, sorry for the bother.

Bill Dwight aka The Blog Post Author

If you are referring to the Split definition itself (the template with the percentage-wise mappings to accounts), you'll find that under Bank > Viewing > Allowances/Splits

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