I am using the method you mentioned at the end, I setup a liability
account called "reimbursement", all the expenses won't be categorized
as expenses but as account transfer, from other credit card accounts
or cash accounts to the "reimbursement" account, for the payments,
they will be transfered back to the corresponding accounts. the net
balance of the reimbursement will be zero once the payments are
cleared.

To me, there are couple advantages
1. they wonot show anywhere as expenses or incomes.
2. I can easily go to the account to find out how much the company owe
me and fill out the reimbursement form.

On Sep 6, 1:44 pm, Kyle <K...[at]discussions.microsoft.com> wrote:
- quote -

Try the thoughts at http://umpmfaq.info/faqdb.php?q=36.

The way you are doing it now is more or less what I do in both similar
scenarios. I agree the income is not Income and the expenses are not
Expenses. But since they net to $0 (or there really was some Income or
Expense involved) I do not further worry it.

"Kyle" <Kyle[at]discussions.microsoft.com> wrote in message
news:5305632E-53E3-4B7B-8AB5-EE623B3390B7[at]microsoft.com...
- quote -

On Sep 6, 1:44 pm, Kyle <K...[at]discussions.microsoft.com> wrote:
- quote -

What I do is simply use an expense category as you have set up
"Company Reimbursable Expense". However, I do not have a separate
income category. When I receive payment from my company, I record the
deposit to my checking and use the same expense category. Money will
ask if you are sure you want to treat income as an expense. This
will show up as a negative amount in your expense category.

Now you can see within one category all of your expenses and
offsetting payments from your company. The other benefit of this
method is that the payments do not show up as income (which they are
not). I also use a spending thermometer to keep track of the category
to see that I am either net zero or positive in the category (which
happens when you get per diem or mileage payments exceeding your
actual expenses).

Hope this helps.

Jeff

I'm trying to figure out the best practice for dealing with reimbursed
expenses...

There are two types of reimbursements I can receive:
1) I have an AMEX corporate credit card. Payments made on this card are
paid directly by my company after I submit an expense report, therefore, I do
not have to front any cash for this account as long as there are no personal
charges made. My credit card is set-up in money and I've been using the
expense category "Company Reimbursable Expense" for charges to the card and
"Other Income: Company Expense Reimubrsement" for payments made to the card.

2) Out-of-pocket expenses (cash or whenever AMEX is not accepted). In
these cases, I also categorize expenses to the expense category "Company
Reimbursable Expense". I'm reimbursed for these charges when I receive my
paycheck (comes in separately than my standard paycheck). When I categorize
these, I also use the income category "Other Income: Company Expense
Reimbursement"

Although I can run reports by excluding these accounts, I was curious if
there was a "better" way for organizing these expenses as they are not really
"expenses" or "income" to myself - they are costs incurred by my company. I
have considered opening a "bank" account and transfering all
charges/payments/reimbursements to this account because this should actually
net to zero over time, so it would basically just be a clearing account.

Any suggestions would be greatly appreciated.

Thanks,
Kyle