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Magnolia1's avatar
Magnolia1
Experienced User
3 years ago

Reimbursed Expenses

Hi I am doing the bookkeeping for my husbands consultancy. He gets paid into his company most of it I code to professional fees (4-1000) however I don't know how to code the reimbursed expenses he ge...
  • LRBooks61's avatar
    LRBooks61
    3 years ago

    Hi

     

    I suggest that you record it as income as reimbursed expense account. My reasoning behind this is that you are invoicing the client for this so it should be shown on the P&L as same.

     

    The original expense is recorded, as you say in the expense account 6-XXXX 

     

    Hope that makes sense to you and helps

     

    Lisa

LRBooks61's avatar
LRBooks61
Ultimate Cover User
3 years ago

Hi

 

I suggest that you record it as income as reimbursed expense account. My reasoning behind this is that you are invoicing the client for this so it should be shown on the P&L as same.

 

The original expense is recorded, as you say in the expense account 6-XXXX 

 

Hope that makes sense to you and helps

 

Lisa

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