How to structure my wife's books.
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?