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Printable Version

Issue: Jul. 2003: Reimbursable Expenses using an Asset Account

 

Desktop Accountant Newsletter- July 2003


Complimentary QuickBooks® Resource Newsletter from The Sleeter Group, Inc.


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Merchant Credit Card Refunds and Reconciliations
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QuickBooks in Healthcare and Medical Offices
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New! Attendee Q & A Session

Reimbursable Expenses using an Asset Account

This month, Louis Gutberlet, CPA, a Certified member of The Sleeter Group Consultant's Network who lives and practices in Atlanta Georgia contributes an article on using an Asset account to track reimbursable expenses.

... By definition, pass-through items or reimbursable expenses are assets, not expenses. Pass-through items are expenditures that, at least initially, your client intends to invoice to customers.

Read More

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