If you leave this box unchecked, the reimbursement will directly offset the original expense. Track billable expenses as income: There are two methods of accounting for the reimbursement of billable expenses. You can change the markup when creating an invoice.į. If you leave this box unchecked, the expense or item will be billed to the customer at the actual cost. Markup with a default rate of: If you’ve decided to provide an option to bill expenses and items to clients, you can choose a default markup rate. Marked expenses and items will be available to include next time you generate an invoice for that customer.Į. Make expenses and items billable: This feature will provide a checkbox next to each expense and item on expense forms, allowing you to indicate that the expense or item should be billed to the client. Track expenses and items by customer: This should be turned on 1) so that you can assign expenses and items purchased to specific clients, and 2) if you want to bill customers for expenses incurred on their behalf.ĭ. Show Tags fields on expense and purchase forms: Turn this on if you want to use custom tags to track anything of interest across expense transactions.Ĭ.

The use of items is a powerful feature of QuickBooks, so we highly recommend this option be activated.ī. Items include the products and services that you sell to customers, so this option must be turned on if you have inventory. Show items table on expense and purchase forms: This setting must be turned on to assign expenses and purchases to “items” instead of directly to expense accounts. How to Manage Credit Card Sales With a Third-party Credit Card Processorīills and expenses settings in QuickBooks OnlineĪ. How to Manage Credit Card Sales With QuickBooks Payments How to Reconcile Business Credit Card Accounts How to Manage Downloaded Business Credit Card Transactions How to Enter Business Credit Card Transactions Manually Part 5: Managing Business Credit Card Transactions How to Handle Bounced Checks From Customers How to Transfer Funds Between Bank Accounts How to Manage Downloaded Banking Transactions How to Enter Banking Transactions Manually

How to Set Up the Products and Services List How to Set Up Invoices, Sales Receipts & Estimates How to Customize Invoices, Sales Receipts & Estimates

How to record expenses in quickbooks