How to add income and expenses from 1 account statement

Hi there, @swacha. 

Thanks for visiting the Community today. You'll want to create an expense and then have it billable to your customer/job in QBO.

Billable expenses are those incurred by you on behalf of your customer in the performance of work, services, or supplies. You can use this to track billable expenses, so your customer can reimburse you when they receive their invoice.

First off, you'll need to turn on the billable expense in your account and settings. 

Here's how:

1. Go to the Gear icon, then select Account and settings.
2. Go to the Expenses tab, then from the Bills and expenses section, select the Edit option.
3. Turn on the following:

• Show Items table on expense and purchase forms
• Track expenses and items by the customer.
• Make expenses and items billable
•  
• 5. (Optional) Set up the following:
•  
• Markup rate
• Billable expense tracking
• Sales tax charge

•  Bill payment terms

Once done, select Save once done. Then, create a billable expense and then add it to the invoice. 

Feel free to get back to me if you need more help in recording your income and expenses in QuickBooks. Take care!

Thanks, but this does not work. The only option I am seeing next to "Bills and expenses" is "Show Tags field on expense and purchase forms" and then "Default Payment Terms"

This does not work. Please see my comment above.