Pass Through Expenses
I am unsure how to setup proper accounting for my expenses under this scenario:
I recently reworked a website for a company. Let's say that work paid my company $5,000. I have received payment for my services in full, meaning my profit with that customer is currently $5k.
As part of the contact with my customer, I agreed to provide and manage their email accounts through Google (G Suite), for two years.
Every month receive a bill from Google for G Suite. Let's say it's $20 per month.
I pay that bill with my company debit card.
I then want to show that expense against my customer's $5k balance, so I can track where my profit/loss is against that balance.
My customer also has additional monthly/quarterly/yearly expenses which I need to track. I want to make sure I can track each expense individually, for reporting purposes.
Any help appreciated. Thanks in advance for your help.