Re: How to handle reimbursement payments for outside work?
Thank you QBsguru for the help. I would classify myself as fairly green when it comes to QBs. I can get around the basics but something like this I need in "first grade" terms. My corp accountant wanted it where I use the cost of goods. I have 2 issues that I am trying to understand how it flows in QBs.
1. Billing the HOA for the repairs. Do I create an invoice in QBs for that? How do I make an entry in The HOA cost of goods. How do I handle the payment?
2. The second is the same as above but with the exception that my super purchased the mulch with his money and I had to reimburse him with a check first to him then I bill it to the HOA and go through the same as above.
I am confused on the flow.