My company pays utilities bills and repairs in which we will be reimbursed for. When we write the check should I list it under "reimbursement account" and when we send out the invoice also list it under "reimbursement account so that two will balance out? How should i be recording these transactions. Please help.
what you pay is an expense, what you get paid is income
on the P&L income is reduced by expense
so pay the utility bills and repairs using an expense account, and charge the customer posting it to an income account, I would create an income account called something like, billable expense income
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