I have a single member LLC that operates and manages Airbnbs. When there is an expense such as cleanings needed, my client sends me funds every couple weeks to be used for paying for cleanings and restocking of supplies. How should I categorize the inflow of money from him as well as those expenses made on his part in quickbooks?
This is straightforward income and expenses. The payments from your client are income and the costs for cleanings and supplies are expenses. Any difference falls to net income.
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