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T
TGiTA
August 4, 2020
Question

Summer Student Wage Reimbursement

  • August 4, 2020
  • 1 reply
  • 0 views

Hi there, 

We have a summer student working for us and through the placement program we receive a wage reimbursement for them. I am not sure how to categorize the amount as it isn't income from sales, etc. 

Thank you!

1 reply

J
JamesM
August 4, 2020

Hi TGiTA,

 

It's essential you're able to record the wage reimbursement properly on your account. I'd be happy to steer you in the right direction so you can focus on doing the things you enjoy. 

 

To ensure accuracy in your books, I recommend contacting an accounting professional to get more info on recording the transaction. Doing this will help prevent any future discrepancies in your books. If you're not in contact with one, I encourage you to search for one on our website using this link here. Let me know if you have other questions. I'm here to help.

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