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TheRealJaymz
Level 1

Reimbursements Deposit Account

I am a single employee painting business.  I am the owner, laborer, etc.   I am doing a job for another business owner as contract labor.   I received some money for materials I bought for the job and deposited it into the business account.  How would I enter this into quickbooks?   I know how to do the deposit,  I guess I am asking what kind of account do I need to create or use for the reimbursement?

 

Thanks!

Solved
Best answer September 18, 2020

Best Answers
john-pero
Community Champion

Reimbursements Deposit Account

Income for goods sold

 

Expense for goods purchased

 

Your 1099 you receive may and can include this amount and not just your labor

View solution in original post

2 Comments
john-pero
Community Champion

Reimbursements Deposit Account

Income for goods sold

 

Expense for goods purchased

 

Your 1099 you receive may and can include this amount and not just your labor

View solution in original post

TheRealJaymz
Level 1

Reimbursements Deposit Account

Hey thanks John

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