Hello everyone. I am using QBO for home finances and I break apart my paystub into the gross and the deductions for things like federal taxes, state taxes, 401K contribution, health insurance, etc.
Well I got reimbursed for some out of pocket expenses that I had for my company and I am not really sure how to record these. What would be the best way to do this. Technically they are not wages so I don't want to include that there.
Ty.
Solved! Go to Solution.
Thanks for visiting the Community today with your reimbursement concern, @dennishouse.
You'll have two ways to record your reimbursements. You'll want to either record it as a check or as an expense.
Here's what you need to do first. Record the business expense you paid as a journal entry:
After that, follow the steps shared in the link to record the reimbursement in QuickBooks.
I'd still recommend you ask guidance from your accountant should you need more help with your journal entry.
Let me know if you have additional questions about recording your reimbursements. I'll be there to guide you again.
Thanks for visiting the Community today with your reimbursement concern, @dennishouse.
You'll have two ways to record your reimbursements. You'll want to either record it as a check or as an expense.
Here's what you need to do first. Record the business expense you paid as a journal entry:
After that, follow the steps shared in the link to record the reimbursement in QuickBooks.
I'd still recommend you ask guidance from your accountant should you need more help with your journal entry.
Let me know if you have additional questions about recording your reimbursements. I'll be there to guide you again.
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