Billable expense versus Sales

I'll help you fix this, CRISS.

The billable expenses are any revenue generated in relation to purchases a business makes on behalf of a client or customer. Normally, it should be different from your sales of products.

To isolate the issue, you can click the amount in the report to expand the view and examine each sales transaction. You'll also want to make sure that the product items on the transactions are using the correct income account. This way, they'll be reported accurately in your financial reports. Here's how:

1. Go to the Reports menu.
2. Under Business overview, choose Profit and Loss Detail.
3. Set the appropriate reporting date and accounting method.
4. Head to the Billable Expense Income section, then click the total amount.
5. Review each transaction. Make sure that there are no duplicates and the income account of the product items is correct.

In addition, here are some articles that will help you speed up the reporting process in QuickBooks Online:

• Customize reports
• Memorize reports

I'm still here you need further assistance in running your other reports. Stay safe and have a great rest of the day.

Hi CRISS,

Hope you’re doing great. I wanted to see how everything is going about the issue in your P and L report. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at anytime.

Looking forward to your reply. Have a pleasant day ahead!

Hello,

I am having this same issue.  How do i remove the duplicate transactions in sales?  Those in sales are attached to invoices and in the billable expense income we have categorized as deposits.  We want to keep the items in billable expense but remove from sales. Please advise. 

I've got you covered, @ShineHouse.

You'll want to delete the invoice where the sales are attached to remove the duplicate transactions. Here's how:

1. Sign in to your QuickBooks Online (QBO) account.
2. Find and open the invoices where the sales are attached.
3. Select the More button at the bottom. Then, click Delete.
4. Click Yes to confirm.

Also, as mentioned by my peer KlentB above, billable expenses are any revenue generated with purchases. That said, it shouldn't be different from your sales of products.

You might want to review all your sales transactions made in QuickBooks Online. You can go to the Sales menu and select All Sales.

Please let me know if you need clarification about removing duplicate transactions. I'll be standing by for your response, @ShineHouse.

Hey,

Just wanted to shed some light on the "DOUBLING" you had mentioned in this thread. I too noticed certain DEPOSITS were being duplicated in my P&L (Sales and Billable Expense Income). Come to find out these certain DEPOSITS were multiple checks for different invoices, or "projects" in 1 BANK DEPOSIT. 

When you go to categorize your BANK TRANSACTION of the 1 DEPOSIT and "SPLIT" the deposits,.. this is where I noticed the duplicating. This is the issue that needs to be fixed with QUICKBOOKS. 

I simply deleted the billable expense duplicate by clicking the "MORE" button as discussed by someone else in this thread and it balanced everything out. 

Hope this helps?