Definition: A split transaction in personal finance software is a single transaction that is assigned to more than one category. Processing a transaction by splitting the categories makes for more accurate budgeting.
Most personal finance software allows for split transactions in registers, which is very useful when you shop at mega stores like Walmart and department stores like Target. If being able to assign more than one category to items purchased at your department store or grocery store is important to you, be sure the software you are considering supports split transactions.
