Can you get invoices to use other than an Income Account?
A.J. Bonnema
gbonnema at xs4all.nl
Wed Oct 2 09:08:09 EDT 2013
On 02/10/13 05:28, Jon Dallara wrote:
> 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.
Hi Jon,
I am not an accountant, so don't shoot me if I am completely wrong. To
me, this seems like a loan you give the company and they repay. Would
everything change if you look at it that way?
Guus.
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