[GNC] Other Income Account
Stephen M. Butler
kg7je at arrl.net
Sat Jan 26 20:21:07 EST 2019
On 1/26/19 6:51 AM, Lorrie Laskey wrote:
> Hi all,
>
> My "Other Income" account is showing bank transfers from a fried to my bank
> account when reimbursing me for, say, shared vacation costs.
>
> It is not income but reimbursement of some sort, isn't it?
>
> Should this be categorized as income?
If you have already expensed the whole amount, this would be a reduction
of expenses. Not income.
--
Stephen M Butler, PMP, PSM
Stephen.M.Butler51 at gmail.com
kg7je at arrl.net
253-350-0166
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