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Reimbursed Expenses
Hi I am doing the bookkeeping for my husbands consultancy. He gets paid into his company most of it I code to professional fees (4-1000) however I don't know how to code the reimbursed expenses he ge...
Hi
I suggest that you record it as income as reimbursed expense account. My reasoning behind this is that you are invoicing the client for this so it should be shown on the P&L as same.
The original expense is recorded, as you say in the expense account 6-XXXX
Hope that makes sense to you and helps
Lisa
