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#3
07-31-2008, 04:26 AM
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 RE: What category to use for a reimbursed personal Job expense To address the "grayed out" check-box make sure the category you select has its usage set to "business". To change the usage of the category open Banking-> Account Tools-> Categories & Payees. Then double-click on the category and click the "Change Usage" button. You can also create a new category. Hope this helps, Jeff "Dee" wrote: - quote - > Hi there! > In MS money plus home and business edition, what category do i use for a Job > expense that was reimbursed to me. > MSMoney has the Category, as expense, of: > Job Expense, and under that with subcategories of: > 1-Non-reimbursed > 2-Reimbursed > However, there is no associated income for this. So once i get the > reimbursed payment from my company, what do i do? Which category, under > income should i use. Also, the "Reimbursable" tick box is always grayed out. > What am i missing here? > Appreciate a lot any help, > =Dee |
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#2
05-11-2008, 01:24 PM
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| Re: What category to use for a reimbursed personal Job expense Dee, I have been reading the thread following you query so let me throw in a thought. If the expense has been incurred on behalf of your company, it is in fact they who will seek to categorise it in their books. So there should be no need for categorisation on your part.. If you open an asset account entitled (say) Reimbursable Expenses - ABC Inc. then when expenditure arises you would post a transfer entry between the account from which the funds emanate, e.g. Checking account or Cash-in-Hand and the asset account I have just suggested. Later when reimbursement is received there will be another transfer entry between that account and the account into which the reimbursed funds have been placed. While this in itself is simple where you would have to be careful is in keeping the account balance reconciled periodically especiially if reimbursements are being made in a fragmented way. This is but a thought but from an accounting perspective you may find it has merit. AJM "Dee" <Dee[at]discussions.microsoft.com> wrote in message news:6F59C13C-7B24-4538-8F6E-AD4CB6E45CB5[at]microsoft.com... - quote - > Hi there! > In MS money plus home and business edition, what category do i use for a > Job > expense that was reimbursed to me. > MSMoney has the Category, as expense, of: > Job Expense, and under that with subcategories of: > 1-Non-reimbursed > 2-Reimbursed > However, there is no associated income for this. So once i get the > reimbursed payment from my company, what do i do? Which category, under > income should i use. Also, the "Reimbursable" tick box is always grayed > out. > What am i missing here? > Appreciate a lot any help, > =Dee |
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#1
05-11-2008, 12:40 PM
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| Re: What category to use for a reimbursed personal Job expense =?Utf-8?B?RGVl?= <Dee[at]discussions.microsoft.com> wrote in news:6F59C13C-7B24-4538-8F6E-AD4CB6E45CB5[at]microsoft.com: - quote - > In MS money plus home and business edition, what category do i use
This is for when you buy a plane ticket for business travel, then> for a Job expense that was reimbursed to me. > MSMoney has the Category, as expense, of: > Job Expense, and under that with subcategories of: > 1-Non-reimbursed > 2-Reimbursed submit an expense report to be reimbursed. "Non-Reimbursed" is for a similar case where you didn't get paid back. It shows up on the tax reports. - quote - > However, there is no associated income for this. So once i get the
You record both the expense and the check as "Job Expense:Reimbursed".> reimbursed payment from my company, what do i do? Money will complain about the income recorded as expense, but you do it anyway. You should come out with a close-to-zero total at the end of the year. - quote - > Which category, under income should i use. Also, the "Reimbursable"
The tick box is for items you purchased on behalf of a customer. If you> tick box is always grayed out. check it, the transaction can be added to an invoice as "reimbursable expense". - quote - > What am i missing here?
--Steve B. New Life Home Improvement |
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05-11-2008, 11:45 AM
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| Re: What category to use for a reimbursed personal Job expense You could create an Income category. Other Income : Job Expense Reimbursement? "Dee" <Dee[at]discussions.microsoft.com> wrote in message news:6F59C13C-7B24-4538-8F6E-AD4CB6E45CB5[at]microsoft.com... - quote - > However, there is no associated income for this. So once i get the > reimbursed payment from my company, what do i do? Which category, under > income should i use. |
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#-1
05-11-2008, 05:20 AM
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| What category to use for a reimbursed personal Job expense Hi there! In MS money plus home and business edition, what category do i use for a Job expense that was reimbursed to me. MSMoney has the Category, as expense, of: Job Expense, and under that with subcategories of: 1-Non-reimbursed 2-Reimbursed However, there is no associated income for this. So once i get the reimbursed payment from my company, what do i do? Which category, under income should i use. Also, the "Reimbursable" tick box is always grayed out. What am i missing here? Appreciate a lot any help, =Dee |
| Tags |
| category, expense, job, personal, reimbursed |
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