Recording Prepaid expenses

Roxana4 · ‎October 17, 2022

Hi there,

How do I record Prepaid Expenses (first and last studio rental payment) that was partially paid by our company and partially by an employee.

And then later, how do I reimburse that employee for the amount he paid.

Please advise.

JamesM4 · ‎October 17, 2022

Hi Roxan4,

Welcome back to the Community. QuickBooks is a powerful program that helps you manage your work with peace of mind. I'll be glad to share more info so you're on the right track with your work.

Recording your transactions properly is an essential step for maintaining clean books. To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on this. If you're not in contact with a professional, don't worry, you can search for one using this link here.

I'll also leave this question open in the Community so other accountant users can share their advice. Otherwise, feel free to ask other questions, I've got your back.

View solution in original post

JamesM4 · ‎October 17, 2022

Hi Roxan4,

Welcome back to the Community. QuickBooks is a powerful program that helps you manage your work with peace of mind. I'll be glad to share more info so you're on the right track with your work.

Recording your transactions properly is an essential step for maintaining clean books. To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on this. If you're not in contact with a professional, don't worry, you can search for one using this link here.

I'll also leave this question open in the Community so other accountant users can share their advice. Otherwise, feel free to ask other questions, I've got your back.

Topics

Training

Community

Resources

Recording Prepaid expenses

Recording Prepaid expenses

Recording Prepaid expenses

Need to get in touch?