I know its been a while since you replied to my question, but i was wondering if i could ask something else?
I changed to a billable expense then re invoiced matching to this.
However am i being thick that its still showing as a profit. I dont class this as a profit as we paid for travel, which was reimbursed to us at the same rate. Do i need to do a journal to balance this out?
Let me provide a few information about the billable expense showing as profit.
In QuickBooks, it will normally show the billable expense as a profit. They need to be reported in Profit and Loss as a reduction with the expense you made. You can use this link for more information about the billable expense: Enter billable expenses.
Also, you can now run the Profit and Loss Detail report to show both expenses and income. For more guidance, feel free to check out this article: Run reports.