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stacie1
Level 1

Add in expense in year end expense report

hello, i am generating the year end expense report and I am having trouble with an expense American Express showing the year expenses in the report.
1 Comment
qbteachmt
Level 15

Add in expense in year end expense report

AMEX is not an expense; they are your lender, and every time you bought something using that card, you are supposed to enter it as a Credit Card Charge Expense, for that specific date and purchase, such as Office Supplies from Staples.

 

Later, you pay your Balance Owed, and this is not Expense on the P&L. It is Debt Payment, seen as part of Balance Sheet.

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