Any good ideas for recording recoverable expenses?

dklemdklem Member Posts: 2

I tried to create an asset account for my recoverable expenses (things like travel and meals that I get paid back for in full, including taxes). However, whether I put it under Expected Payments from Customers or Other Long Term Assets, it doesn't show up under the categories for classifying receipts. Note: there is another thread on using receipts for fixed assets - same problem - and some people had been successful with long term assets.

You could argue I don't need to enter these, just invoice the total and not worry about the detailed amounts. True, until you get audited and have no backup in the accounting system!


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