How to account for a purchase on credit card with reimbursement
Adam Funk
a24061 at ducksburg.com
Sun May 4 09:12:19 EDT 2008
On 2008-05-03, James Kerr wrote:
>> claims. I also use the cleared/reconciled column in the expense
>> claims account ("c" means the item has been submitted on a claim; "y"
>> means I've been reimbursed for it).
> That's how I would do it. It maintains an accurate record of your true
> financial situation and provides any useful information that might
> reasonably be required.
It works for me! And that last bit (about the c/n/y column) means
that when I look at the bottom of that register, I can easily work out
the total of unsubmitted claims (= balance - cleared balance) and
unpaid but submitted claims (= cleared balance, because the reconciled
balance is always 0).
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