I invoice clients paid work and expenses on separate invoices. Is there a proper system to do this so that I can tell whether an invoice is paid work or an expense when it comes time to do accounting?
Hi @propsgeranium . I'd appreciate if you could provide me with some more info on exactly how this looks. What do you mean when you say paid work vs. expense? What exactly is the difference?
Also, if you could give me your exact reasoning for why you do this and how it helps your business I can provide you with some more insight on this.
@propsgeranium . I'm still a little bit confused to be honest with you. Invoices are used to track the money you're making from your customers, while Bills are used to track the money you're paying your vendors.
If you're using Invoices to determine your expenses as well, you should switch over to Bills or add your expenses into the Transactions page manually.
Let me know if I'm still missing something.
I track this by following the steps recommended by wave here:
My income and reimbursable expenses are all on the one invoice.
@propsgeranium . For reimbursable expenses, you can follow the steps in the article that @barryt has posted as it was created for this exact reason.