Question

Record an Employee Expense from Record to Reimbursement

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Im looking for a pretty detailed solution to a simple situation. I have an employee that paid for a software subscriptoin for 1 month... can I get the steps to recording the entire thing including the reimbursement to the employee.. HOwever one question is how do we also make sure that the the expense is recorded under that vendor as well since I like to keep track of how much I spend with a vendor..

Thanks

QuickBooks Online

Rainflurry

@Grimayoj

There are a lot of ways this could be entered. I think it's best to set up a bank account in QB called 'Clearing Account'. Then, enter the expense as a vendor bill and pay it using the newly-created Clearing Account. Then, when you reimburse the employee, assign the bank Clearing Account to the payment and you're all set. That creates a bill under the vendor and zeroes out the Clearing Account when you reimburse the employee. That will allow the expense to show up on reports just like any other bill.

G

GrimayojAuthor

How else could it be done?

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