Matching a project expense to a transfer or accounting for a project

---

@imessageapp wrote:

My company has a project that requires very strict accounting of each expense. One of the things we have done is open a bank account specifically for this project. One issue I'm having is where we reimburse ourselves for an expense but it's actually a transfer out of the project specific account into our unrestricted cash account. 

 

For example, Employee A makes a straight $10,000 a month which is coded 1/3 each to program expense, management expense, and fundraising expense. He works 5 hours in this project, we transfer $5,000 out of the project bank account and into our unrestricted cash account. In the project tab, I would have to make a $5,000 expense but we didn't really "expense it" as Employee A's regular pay doesn't change. We transferred it from restricted to unrestricted. What is the best method to account for this in QBO?

---

Burdening enables you to review the raw cost, burden cost, and burdened cost of each transaction. You control burden accounting options by project type. Create accounting for burden costs in Oracle Fusion Project Costing even when raw costs are accounted in a third-party application. You can create and track the accounting independently for raw cost, burden cost, and burdened cost.