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ALM13
April 23, 2021
Solved

Billable reimbursements

  • April 23, 2021
  • 1 reply
  • 0 views

Our company has a lot of reimbursed expenses such as hotels, meals, travel, etc. When entering an expense I click billable to customer but I only want the markup to be added to income. Right now, the entire reimbursement is being added to income. How do I go about this?

Best answer by Rustler

You do not, what the customer pays you is income, what you spend is an expense

on the P&L income is reduced by expense

1 reply

Rustler
RustlerAnswer
April 23, 2021

You do not, what the customer pays you is income, what you spend is an expense

on the P&L income is reduced by expense

    K
    KelleW
    March 23, 2023

    I have a client using Desktop 2021.  They are using billable expenses to populate their invoices.  I WANT the reimbursable expenses to populate the revenue, but currently ONLY THE MARKUP goes to revenue and the expenses are all credits to COGS.  I cannot find any set up options to correct this.  Any help would be appreciated. 

     

    Thought I found something with the suggestion of clicking the box in preferences under Time & Expenses clicking the box that says "track reimbursed expenses as income" but I went in and did a test invoice and there is no change...still has billable expenses crediting COGS.  

     

     

    R
    ReymondO
    March 23, 2023

    Thanks for joining the thread, @KelleW.

     

    Cost of Goods Sold (COGS) is only affected when you sell inventory items on invoices or sales receipts. Since you're trying to bill the item to your customer, QuickBooks will automatically affect it to your COGS account. 


    You can't change this set up since this is how the system is programmed when handling sales transactions and tracking your inventory.

     

    For additional info, you can check out this article: Understand inventory assets and cost of goods sold tracking.

     

    In case you need further help in handling your transactions, I'd suggest getting in touch with your accountant. They can provide you assistance in handling your books to ensure they are correct. 

     

    You can visit our Help articles page it provides topics that might answer your How do I questions.

     

    Please let me know how it goes or if you have further questions about QuickBooks. I'll be here to help. Take care always.

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