Should I account for materials that customers reimbursed us as a negative number on Reimbursed Expenses Received, a Supplies Expense, deduct amount from total income, or?
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1 Best answer
VolvoGirl
Level 15
Jun 3, 2019 11:17:29 AM
Enter it as an expense under Supplies. You report the full gross income (which should include the reimbursement) then expense it.
2 Replies
VolvoGirl
Level 15
Jun 3, 2019 11:17:29 AM
Enter it as an expense under Supplies. You report the full gross income (which should include the reimbursement) then expense it.