Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Connect with and learn from others in the QuickBooks Community.
Join nowI have a few checks written out to contractors with most of the checks having reimbursements on them.
I properly categorize how their time was spent on a project but how do I go about categorizing the reimbursement when I split the check? I want to make sure they are not taxed for it so as of right now I put all the reimbursements in the Unassigned account but I would like to be as specific as how their time was spent working. Wether it be on cleaning, carpentry, windows. I would like to categorize the reimbursements the same way. Is that possible?
If you insist on paying part of the contractors pay as a reimbursement, then you must get the receipt for what he spent his money on to support your expense that he paid.
Typically a contractor is in business for himself, as a result he has expenses. He bills you for his time and his expenses plus a mark up (usually) and you pay it.
Ok, but how do I properly split the check to make sure the reimbursement does not look like income for the contractor?
Good morning, @gstephenson.
Let's get this take care of for you. In QuickBooks, the Split function allows you to select multiple categories (accounts) for a single transaction to ensure the reimbursement portion goes to the correct account. Here's what you'll do:
Splitting a Bank Transaction
This way, you can categorize your payment for your contractor, as well as your reimbursement payments to the correct account.
Please let me know what additional questions you have on this, I'm here to help! Have a fantastic rest of your day.
I am trying to do the same thing, but I don’t have an option for splitting it like that. I can separate the transactions between categories but it’s still putting it all under the same contractor and still is showing up on that contractors expenses.
Hey there, @swiftwindshieldr.
Thanks for chiming in on this thread. I hope your day is going well so far.
If this isn't working for you, then I recommend contacting our Customer Support Team. They'll be able to walk you through some additional steps to help you out. Here's how:
It's that easy!
I hope they're able to get you squared away today. We're always here to lend a helping hand. Have a good one!
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.