Company expense account

#3 04-06-2005, 02:03 PM

Some people do it that way. I wouldn't use an Asset account--probably just a
Cash account. Asset accounts want to be linked to loans.

"marryot5" <marryot5[at]discussions.microsoft.com> wrote in message
news:0E901E53-EB3E-4ABF-85F7-B9A45AE49BF3[at]microsoft.com...
- quote -

> I was thinking of setting up a company asset
> account and then treating my spending as transfers into the account and
the
> reimbursements as transfers out. The transactions on my credit card would
be
> correct and as long as the Asset account has a zero balance I would know I
> had been refunded all that I am owed. Is this a recognized way of doing
> things?

#2 04-06-2005, 01:13 PM

Hi Dick thanks for your help. I was thinking of setting up a company asset
account and then treating my spending as transfers into the account and the
reimbursements as transfers out. The transactions on my credit card would be
correct and as long as the Asset account has a zero balance I would know I
had been refunded all that I am owed. Is this a recognized way of doing
things?

Phil

"Dick Watson" wrote:

- quote -

> Ooops. Enter the business expense charge as some expense category like ...
> BTW, then you can create a transaction report for just these two categories
> and it should net to $0 after the reimbursements.
> "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
> message news:OSFdXMqOFHA.1040[at]TK2MSFTNGP12.phx.gbl...
> > Sure.
> > > Enter the business expense charge as some income category like Business
> > Expense:Reimbursable.
> > > Enter the reimbursement deposit as some income category like Other
> > Income:Business Expense Reimbursement.
> > > Pay the credit card with a Transfer.
> > > "marryot5" <marryot5[at]discussions.microsoft.com> wrote in message
> > news:A51EA6C3-066A-48CE-9147-6F63E8558275[at]microsoft.com...
> > > I pay for business expenses on my own credit card and then get refunded by
> > > my
> > > employer at the end of the month. Is there a way of handling this in
> > > Money?
> >

#1 04-06-2005, 12:36 PM

Ooops. Enter the business expense charge as some expense category like ...

BTW, then you can create a transaction report for just these two categories
and it should net to $0 after the reimbursements.

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:OSFdXMqOFHA.1040[at]TK2MSFTNGP12.phx.gbl...
- quote -

> Sure.
> Enter the business expense charge as some income category like Business
> Expense:Reimbursable.
> Enter the reimbursement deposit as some income category like Other
> Income:Business Expense Reimbursement.
> Pay the credit card with a Transfer.
> "marryot5" <marryot5[at]discussions.microsoft.com> wrote in message
> news:A51EA6C3-066A-48CE-9147-6F63E8558275[at]microsoft.com...
> > I pay for business expenses on my own credit card and then get refunded by
> > my
> > employer at the end of the month. Is there a way of handling this in
> > Money?

04-06-2005, 12:21 PM

Sure.

Enter the business expense charge as some income category like Business
Expense:Reimbursable.

Enter the reimbursement deposit as some income category like Other
Income:Business Expense Reimbursement.

Pay the credit card with a Transfer.

"marryot5" <marryot5[at]discussions.microsoft.com> wrote in message
news:A51EA6C3-066A-48CE-9147-6F63E8558275[at]microsoft.com...
- quote -

> I pay for business expenses on my own credit card and then get refunded by
> my
> employer at the end of the month. Is there a way of handling this in
> Money?

#-1 04-06-2005, 12:09 PM

I pay for business expenses on my own credit card and then get refunded by my
employer at the end of the month. Is there a way of handling this in Money?

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