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Hello, Mark.
I'd be happy to help you record the reimbursable expenses incurred on your company's credit card.
You'll want to turn on the Billable Expenses feature first. Then, record the credit card expenses normally. Finally, bill it to the third party using an invoice.
To turn on Billable Expenses:
Before anything else, you'll want to add a customer profile for them if you haven't done it already.
Next, record the credit card expense:
Regarding the category, you'll want to select the expense account according to the purchases. I recommend consulting an accountant so you'll be guided on what account to use.
To record the invoice, click the + New icon then select Invoice. Add their customer profile under Customer.
You'll be prompted to add the Billable Expense Charge transaction at the right panel. Add it to the invoice and enter any other important transaction details. Click Save and close afterwards.
After recording the invoice (and the payment), you'll want to pay the credit card charge.
Regarding the downloaded charge, you'll simply want to match it to the downloaded credit card transaction. This article can help you with the process: Categorize and match online bank transactions in QuickBooks Online.
If you'd like to learn more about billable charges, you can check this article: Enter billable expenses.
Ready to reconcile your credit card account in QuickBooks? Feel free to check out this article for a guide: Reconcile an account in QuickBooks Online.
Do you have any other questions about billable expenses? Please let me know and I'll guide you through another process. If you have any other questions about QuickBooks Online, add them to your post and I'll help you out.
Hello, Mark.
I'd be happy to help you record the reimbursable expenses incurred on your company's credit card.
You'll want to turn on the Billable Expenses feature first. Then, record the credit card expenses normally. Finally, bill it to the third party using an invoice.
To turn on Billable Expenses:
Before anything else, you'll want to add a customer profile for them if you haven't done it already.
Next, record the credit card expense:
Regarding the category, you'll want to select the expense account according to the purchases. I recommend consulting an accountant so you'll be guided on what account to use.
To record the invoice, click the + New icon then select Invoice. Add their customer profile under Customer.
You'll be prompted to add the Billable Expense Charge transaction at the right panel. Add it to the invoice and enter any other important transaction details. Click Save and close afterwards.
After recording the invoice (and the payment), you'll want to pay the credit card charge.
Regarding the downloaded charge, you'll simply want to match it to the downloaded credit card transaction. This article can help you with the process: Categorize and match online bank transactions in QuickBooks Online.
If you'd like to learn more about billable charges, you can check this article: Enter billable expenses.
Ready to reconcile your credit card account in QuickBooks? Feel free to check out this article for a guide: Reconcile an account in QuickBooks Online.
Do you have any other questions about billable expenses? Please let me know and I'll guide you through another process. If you have any other questions about QuickBooks Online, add them to your post and I'll help you out.
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