How to structure my wife's books.

Briza Boy
Briza Boy Member Posts: 3 Novice Member Novice Member
edited October 2024 in Reckon Accounts (Desktop)
My DW has started a home based consultancy. Some of the jobs she does, she travels interstate for a couple of days and 'consults'. She is reimbursed for all costs during that time as well as paid a fee. My question is, should I run the 'rebillable' costs through the P & L with an equal and opposite offset, or run it through the balance sheet as an asset to be claimed back? Any advice?

Comments

  • Zappy
    Zappy Accredited Partner Posts: 5,257 Accredited Partner Accredited Partner
    edited August 2019
    Its not an asset. Its a billable expense. You are most welcome Kr
  • Briza Boy
    Briza Boy Member Posts: 3 Novice Member Novice Member
    edited November 2017
    So following that line through, post each rebillable item, line by line, accommodation, skybus, air ticket etc, but the recoup as a "whole" item. I understand the notion of rebillable (ie spend / recoup) but haven't used it in an accounting package before. In fact I haven't used accounting package much at all.
  • Zappy
    Zappy Accredited Partner Posts: 5,257 Accredited Partner Accredited Partner
    edited August 2019
    You dont need to use items. Why dont you call me in the office after 4pm Kevin 0407744914
  • Briza Boy
    Briza Boy Member Posts: 3 Novice Member Novice Member
    edited August 2019
    I can't ring you today, but let me look at some knowledge bases. You have already given me good direction. Thanks BB
  • Zappy
    Zappy Accredited Partner Posts: 5,257 Accredited Partner Accredited Partner
    edited November 2017
    Piece of pie
This discussion has been closed.

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