cancel
Showing results for 
Search instead for 
Did you mean: 

Reply to message

View discussion in a popup

Replying to:
Rustler
Level 15

Reply to message


@Eaholman24 wrote:

So the paint I bought is marked as an expense , then his payment to invoice is marked as what? It’s not revenue. What to mark his payment to the invoice is the part I’m confused on.


the customer pays you , that is income (revenue)

the expense you pay

on the P&L income is reduced by expense to get net profit

Need to get in touch?

Contact us