cancel
Showing results for 
Search instead for 
Did you mean: 
doncolliver
Level 2

How do I categorize reimbursed business expenses in QBSE? How do I categorize partial reimbursements?

 
Solved
Best answer March 15, 2020

Best Answers
JessT
QuickBooks Team

How do I categorize reimbursed business expenses in QBSE? How do I categorize partial reimbursements?

I'll be glad to share the category for reimbursements, doncolliver.

 

You can categorize your deposit and reimbursement as Transfers since they are not part of your business income or expenses. This can be applied to scenarios like you use your personal funds to pay the business expense and you reimburse yourself. They'll not be included to estimate your taxes.

 

Please check out these articles for more details: 

You can also seek advice from your accountant about this.

 

If you have other questions in mind, please don't hesitate to go back to this thread.

View solution in original post

3 Comments
JessT
QuickBooks Team

How do I categorize reimbursed business expenses in QBSE? How do I categorize partial reimbursements?

I'll be glad to share the category for reimbursements, doncolliver.

 

You can categorize your deposit and reimbursement as Transfers since they are not part of your business income or expenses. This can be applied to scenarios like you use your personal funds to pay the business expense and you reimburse yourself. They'll not be included to estimate your taxes.

 

Please check out these articles for more details: 

You can also seek advice from your accountant about this.

 

If you have other questions in mind, please don't hesitate to go back to this thread.

View solution in original post

sundmanb
Level 1

How do I categorize reimbursed business expenses in QBSE? How do I categorize partial reimbursements?

I just tried this for a reimbursement.  But my question is what is the "transfer account"?  I was accidentally charged sales tax by a vendor (I'm exempt) and then the refunded the amount.  The amount came and went from my checking/ savings account but apparently I can't choose this account for the "transfer account" since that is the account I'm reconciling.

 

Help please!

ShiellaGraceA
QuickBooks Team

How do I categorize reimbursed business expenses in QBSE? How do I categorize partial reimbursements?

Thanks for joining us today, @sundmanb.

 

I have some information about how to record your refund. As mentioned by my colleague, since this amount isn't an income or expense to your business you'll want to consider tagging it as Personal. However, it's still best to consult your accountant to properly handle this.

 

Here's how to record it:

 

  1. Go to the Transactions tab.
  2. Click Add transaction.
  3. Enter the transaction in the box and the amount.
  4. In the Select a category link, choose Personal.
  5. Hit Save.

In case you need help with other QBSE tasks, browse this link and choose which topics suit your needs.

 

I'm always here if you have still have questions or concerns about the program. Don't hesitate to reach out. Take care and happy holidays.

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up