Skip to main content
K
kitbolton
October 15, 2024
Question

How to make sure that materials that are being charged on an invoice and are being reimbursed are not included in income calculations ?

  • October 15, 2024
  • 1 reply
  • 0 views

I am self employed, and at the moment I am building a bespoke kitchen for a client. When I invoice her, I am also included the costs for the raw materials. I want her to reimburse me for these costs, but also ensure that they are not contributing to my overall income (and skewing my self assessment tax liabilities).

 

Please can someone give me the steps to make sure these are being recorded correctly within Quickbooks Online?

1 reply

G
GeorgiaC
October 15, 2024

Hi kitbolton, thanks for reaching out on the Community


The simplest way to reimburse the costs from your customer is to create a billable expense. Once you've created the expense, you'll be able to apply this to a future invoice that you raise for the designated customer. 

 

Please note, this feature is available on QuickBooks Online Plus and Advanced. If you're using a different edition, you can consider upgrading your subscription without losing any features. 

 

For further details, check out our guide on entering billable expenses in QuickBooks Online. Thanks for reaching Intuit support. We'll be here if you have any further queries. 

Terms & ConditionsAccessibility statement