@Byter wrote:
Maybe this deserves its on thread. If so I will move it.
I have a situation where an employee used a personal card for some business expenses and many personal expense. I am using a suspense account for the amounts the firm paid towards that credit card. I was planning to Journal Entry Credit Card Payments Suspense - Credit / Proper Expense Account for Expense - Debit. The idea is that anything left over in the Credit Card Payments Suspense after JE all business expenses is compensation to that employee. (Another JE to zero out the Suspense account).
But using JEs this way in QBO is not showing as a payment to the vendor under vendors lookup for the reason youl explained. So I wonder, is there a QBO way to accomplish what I am after?
Thanks for any tips you have.
The absolute simplest way to handle this, is to total up the amounts the employee spent on the business and write him a check, in the check detail list the business expenses and enter an explanation in the memo block about reimbursement.
