Can you get invoices to use other than an Income Account?

[Jon Dallara]

On 10/02/2013 06:08 AM, A.J. Bonnema wrote:
> 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.
You're totally correct, it is like a loan.  The way the invoice wants 
use an income account to record the transaction has the effect of 
showing me receiving income on the reports.  The way around this is to 
use an A/R account, but its getting the invoice to accept it.

Thanks, Jon.

-- 
Jon Dallara
Assistant Director
FIT Ministries

Lead Forman / Project Manager
Charitable Construction Services
209.483.1407

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