I have been searching relentlessly for an answer to my question, and getting conflicting information. Working with a QuickBooks Desktop Pro in a sole proprietor LLC file. This is a 1099 position (truck driver). There are several charges that were paid for with the business debit card and some cash and then were reimbursed for those by the company I contract for.
There are hotel, uber, food, cash and supplies expenses. I've read to use a "billable expense" account or "reimbursable expense" account with a corresponding income account. Another suggestion is using a "Reimbursable Expenses Receivable" an "Other Current Asset" account for recording the charges and subsequent reimbursement.
It doesn't make sense to me that we count the reimbursement as income or categorize hotel or food with the business expenses since they are my contractor's expenses, but have no clue how to proceed.
