Billable expense but not reimbursable to employee
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Lisa Gibson
Member Posts: 1 ✭
Hi, I am a sole trading consultant and pay all my business expenses through my company credit card.
I bill my clients for travel allowances (per km) and reimbursement of my accommodation/meals etc. In Reckon One I use the Expenses function to track the billable expenses, nominate myself as the employee and my company as the supplier.
Invoices are raised at the end of each month and I bill the client, they pay me - that all works great.
Problem is, the expenses are still sitting there pending reimbursement to me as the employee, however these are not reimbursable as I have paid using a company credit card. No reimbursement necessary.
How do I treat these un-reimbursed expenses? Sitting as outstanding reimbursable expenses is not accurate..... or should I be doing something completely different than using expenses to track these costs?
Thank you in advance for your help. I am completely lost with this.
Lisa
I bill my clients for travel allowances (per km) and reimbursement of my accommodation/meals etc. In Reckon One I use the Expenses function to track the billable expenses, nominate myself as the employee and my company as the supplier.
Invoices are raised at the end of each month and I bill the client, they pay me - that all works great.
Problem is, the expenses are still sitting there pending reimbursement to me as the employee, however these are not reimbursable as I have paid using a company credit card. No reimbursement necessary.
How do I treat these un-reimbursed expenses? Sitting as outstanding reimbursable expenses is not accurate..... or should I be doing something completely different than using expenses to track these costs?
Thank you in advance for your help. I am completely lost with this.
Lisa
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