We have RFID toll passes in the cars that we use to visit clients. The toll pass subscriptions are paid by the company. With QB Desktop we would manually add the correct toll amount for a trip in an expense report and flag it as billable to the client. The income from that expense was not linked to the expense of paying for the toll subscription.
How do I handle this in QBO? Do I create an expense report with the company as the vendor? If I do that, do I use Travel Expenses as the account for the income resulting from the charge to the client?
Solved! Go to Solution.
I'm here to help you manage your customer's transaction, Michael.
In QuickBooks Online (QBO), we can record your customer's electronic toll charges as a billable expense. Billable costs are expenses you incur on behalf of your client while performing a task for them.
No worries, we can easily record and track billable expenses so your customer can reimburse them when they receive their invoice. To track billable expense, we have to enable it first.
Here's how:
Then, we can now create the billable expense. Perform the steps below:
To record the billable expense to your customer's invoices, refer to the article: Enter billable expenses in QuickBooks Online.
With regards to generating an expense report for the company, we can easily create a vendor profile for your business. For more information we can check out this article: Add a Vendor in QuickBooks Online.
In choosing an account for your transactions, I recommend consulting your accountant. This way, we can ensure accurate accounts for each transaction.
In addition, I'll add this article about how to record customer remittances in QBO: Take and process payments in QuickBooks Online with QuickBooks Payments.
If you have more questions about processing charges in QBO, feel free to leave a comment. Have a nice day ahead!
I'm here to help you manage your customer's transaction, Michael.
In QuickBooks Online (QBO), we can record your customer's electronic toll charges as a billable expense. Billable costs are expenses you incur on behalf of your client while performing a task for them.
No worries, we can easily record and track billable expenses so your customer can reimburse them when they receive their invoice. To track billable expense, we have to enable it first.
Here's how:
Then, we can now create the billable expense. Perform the steps below:
To record the billable expense to your customer's invoices, refer to the article: Enter billable expenses in QuickBooks Online.
With regards to generating an expense report for the company, we can easily create a vendor profile for your business. For more information we can check out this article: Add a Vendor in QuickBooks Online.
In choosing an account for your transactions, I recommend consulting your accountant. This way, we can ensure accurate accounts for each transaction.
In addition, I'll add this article about how to record customer remittances in QBO: Take and process payments in QuickBooks Online with QuickBooks Payments.
If you have more questions about processing charges in QBO, feel free to leave a comment. Have a nice day ahead!
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