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maddy_rv
April 21, 2024
Question

recording a reimbursement cheque

  • April 21, 2024
  • 1 reply
  • 0 views

I get reimbursed for Hotel bills and mileage from my clients. These are reimbursement of expenses and should not be included in my income ( as that becomes taxable). Raising an invoice automatically adds this to my income. How do I record such reimbursement cheques received from my clients? I have an incorporated business and am using QB desktop pro.

1 reply

A
Alex M
April 22, 2024

Hi there maddy_rv,

 

Thanks for reaching out about entering these transactions. QuickBooks Desktop is a great tool able to help you keep track of sales and expenses so you know the profit of your company. I can point you in the right direction for help entering these reimbursements.

 

In order to know how you should be entering these reimbursments into your books, I recommend reaching out to your accountant. They'll be able to view the transactions and assist in choosing the transaction typs es to use and the accounts to affect to make sure it all affects your books correctly. You can find an accountant that has experience using QuickBooks software near you by checking out our Find an Accountant page.

 

If you have any other questions, feel free to reach out here.

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