I have a business where I occasionally purchase items for clients. The fees for those items are then billed back (reimbursed) to the client. How Do I Track Reimbursed Expenses in QuickBooks and where do I report them in TurboTax?
Hi mbabos,
Use a non inventory part item when the item is purchased. Check the box “This item is used…” on the item window. Select an expense account and also the income account used in invoicing the customer.
On the purchase form, select the customer in the customer: job column and check billable?
Then, on the invoice, this reimbursable purchase should be available to add.
Richard
