How to record expense sheet as journal entries in Quickbooks Online?

Question

Let's say I own a business and I make 3 business-related purchases on my personal credit card in August. Given the following example expense report: - 08/01/2011 - $20 - Web Hosting - 08/05/2011 - $130 - Memory Cards for Camera - 08/20/2011 - $50 - Printer Ink How would these get recorded as journal entries if I wanted to be paid back for these expenses?

Answer 1

Hello, when you say paid back, I assume you will invoice a customer for this "billable" expense. Like in job costing, purchases made in behalf of customer, or job - such items are billed to the customer or project. In the case of a credit card, when recording the transaction, it would be classified (attached to) the customer, or the project. Then, when you actually invoice the customer, these "billable" items will appear for inclusion on your invoice.