Can you get invoices to use other than an Income Account?
Jon Dallara
jondallara at gmail.com
Tue Oct 1 23:28:07 EDT 2013
Hello,
I work for a company as an independent contractor. As such, the
company purchases the materials needed to complete a job and I bill the
company for the hours I worked. I use an invoice to do this using the
Income:Sales account. On occasion, I have to purchase materials out of
my pocket for which I get reimbursed. The invoice insists that I
provide an Income account for the entry so I use Income:Reimbursed
Expenses. This has the effect of artificially increasing my Income and
thus my checking account when I'm actually using my money over and over
again. There is no net increase as the account summary shows.
From what I know, there should be an account Assets:Reimbursed
Expenses Receivable of type A/Receivable. The amount of out of pocket
expense is credited to the asset account. When the invoice is paid, the
asset account is debited and returns to zero when all expenses have been
reimbursed. This is what happens to the accounts receivable account
when an invoice is paid. Currently, the only work around that I have
been able to figure out is to create a transaction in my checking
account account to withdraw the money for the purchase, so that when the
invoice is paid, the Income:Reimbursed Expenses amount is zeroed out.
This has 2 side effects, it shows income that I didn't earn, and
secondly, it shows the purchase as for myself and not as part of an
invoice unless I remember to make a very detailed entry for the transaction.
Is there any way to get the invoice to accept the Assets:Reimbursed
Expenses Receivable account? Is there another way of doing this? I've
attached an account summary so the Income problem can be seen.
Thanks,
Jon.
--
Jon Dallara
Assistant Director
FIT Ministries
Lead Forman / Project Manager
Charitable Construction Services
209.483.1407
Sent using Thunderbird
-------------- next part --------------
A non-text attachment was scrubbed...
Name: AccountSummary.pdf
Type: application/pdf
Size: 39484 bytes
Desc: not available
URL: <http://lists.gnucash.org/pipermail/gnucash-user/attachments/20131001/de194777/attachment-0001.pdf>
More information about the gnucash-user
mailing list