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DiRode
Level 2

Billable expense

I have a 3 D printer that I charge out to clients.  If I set myself up as a vendor to create the billable expense to attach to an invoice, how do I deal with the duplicate income that is created in error (payment to myself for expense and payment by client for billable expense)?

2 Comments 2
MichelleBh
Moderator

Billable expense

Hi there, @DiRode.

 

I'm here to help you handle your vendor payments in QuickBooks Online (QBO). 

 

You can handle your duplicate payments income in QBO by deleting it. This way, we can avoid any duplicates and your book is accurate. 

 

Here's how: 

 

  1. Go to the Expenses tab, then choose Vendor
  2. Locate the customer's name and click the payment.
  3. Tap More and click Delete.

 

For more details, check out this article: Void or delete transactions in QuickBooks Online.

 

Once done, you can now set up yourself as a vendor then record the payment under your name. Simply click the New vendor, then complete the required information. 

 

After that, you can record the payment in the system. You may refer to this article for more details: Pay a vendor

 

Additionally, you can always access any vendor reports to track the transactions. Then customize it to show the specific data.

 

 

To know more about memorizing reports and handling vendor's transactions, check out these articles below. 

 

 

Please notify me if you have further questions about your vendor's payment. I'm regularly here, ready to help you. Keep safe.

DiRode
Level 2

Billable expense

,

 

I have to pay the vendor for the expense - but in this case the vendor is me - so when I do an internal transfer, the transfer of funds pays the bills but how do I properly account for the incoming funds into the other account.  It is not income as the income comes from the payment of my client for the billable expense.

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