Posting expense reimbursements

[Andrew Sackville-West]

Derek Atkins wrote:

> Also, have you looked at Vendor Bills and Expense Vouchers?  Those let
> you post to Expense Accounts, and let you tie the expense to a
> chargeback customer who then pays you.  However it doesn't post to
> balance offset the expense; it increases your Income:Reimbursement
> account.

IANAA, sorry, but you have to be careful about increasing your income. 
depends on your local, regional and federal tax scheme. In some 
jurisdictions, you have to pay a tax on gross income without offset. In 
that case you definitely don't want to call that income as you'd be 
taxed on it. For most other purposes though, i think it doesn't matter, 
as your net number is the same and that's what really counts.

my .02

A
> 
> Hopefully an Accountant can pipe in and give you his/her opinion.
> 
> -derek