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Janda1
Level 1

How should I accurately record disbursement payments and receipts to ensure they are not captured as regular income/expenses?

I am needing help in Quickbooks online. 

This is the scenario:

We are like a bridge or a third party. From a client to a govt. enity.

Now, we are receiving invoices from a govt entity (which is under the client's name) because it's auto generated from their end.

We are paying this particular amount, and once everything is done, we will then re_charge this to our client and we will just add our service fees. (Technically speaking, our income is only the service fees because we are just re-charging the govt fees).

We have tried the Billable expense but once we generated the report, it comes to the expenses. Which we do not want it to be an expense and we do not want it to be an income also.. 

Solved
Best answer March 07, 2022

Accepted Solutions
Ashleigh1
QuickBooks Team

How should I accurately record disbursement payments and receipts to ensure they are not captured as regular income/expenses?

Hello Janda1, 

 

Welcome to the Community page, 

 

We would advise you speak to an accountant on the best way to record this in your account they will be able to help and guide you so that it recorded correctly for you as we are not trained accountants just technical support. 

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1 REPLY 1
Ashleigh1
QuickBooks Team

How should I accurately record disbursement payments and receipts to ensure they are not captured as regular income/expenses?

Hello Janda1, 

 

Welcome to the Community page, 

 

We would advise you speak to an accountant on the best way to record this in your account they will be able to help and guide you so that it recorded correctly for you as we are not trained accountants just technical support. 

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