see all reimbursable expenses for one customer quickbooks mac

See All Reimbursable Expenses For One Customer Quickbooks Trial Balance What

How should I record transaction Do I record a bill, for instance Travel expense, then create an invoice with what Can I do something as attached file, or this is something different Will I have Expenses and income at the end, or I will go to zero because it offsets Thank you.

Its a Process. Are you describing Sales to a Customer Did you travel for that customer.

For instance, the Airline probably had you Pay enter Credit Credit Card Charge.

There is no Bill; the Airline doesnt send you a Bill for you to pay later.

Or, you paid by Checking already; that is Enter Check, even if Paperless via Debit card.

Service items for labor is typical; nonivnentory type, for materials such as Supplies or other products you ordered on behalf of that customer name.

I use Other Charge Type for Airfare, Lodging, for Shipping, for Postage.

If that Travel is part of Fixed Bid Contra,t then you Job Track it, but that is Not Billable.

You will be invoicing them for the Contract Amount they owe you.

That gives an Expense account link and an Income account link.

They all link to the same one Contract Labor expense account and to the same one Sales Income account.

See to the Right of the Blue button for Account Click on Item.

Use that view. Now, you get to include Quantity, you are creating a Cost that will be related to the Sale, you have Item Profit and Job reporting data.

Does reimbursed expenses consider to be income We are working on real estate project,and almost all our expenses are paid back by third-party company.

See All Reimbursable Expenses For One Customer Quickbooks Trial Balance What

But should I see my reimbursable expenses on expense part and reimbursed expenses as income on my PL or trial balance What Ive been doing is: recordpay bill, click Customer:Job- pick company that I am going to Invoice to.

Then I go toy Create an Invoice-and from the Line Time and Cost for:ABC Company -Expenses, I pick my Bill that I want to get reimbursed for.

This kind of transaction creates offset on PL or trial balance, so in the end I have Zero- no expense and no income.

You made a sale: Does reimbursed expenses consider to be income.

That costs are invested in the project and accrued as Other Current Asset.

But should I see my reimbursable expenses on expense part and reimbursed expenses as income on my PL or trial balance.

I see on my PL 100 Expense for Postage and 100 revenue, because I charged you for the stamps.

That means I can close Construction in Progress Other Current Asset to COGS (expense).

See All Reimbursable Expenses For One Customer Quickbooks Mac