Reimbursable Expenses

[Lezzer]

Hi,

I'm in the process of setting up a new company and using Sage Instant Accounts v15 for the bookkeeping.

Could anyone out there advice me on the best way to deal with expenses that are invoiced out to a client.

For example, my partner is a super conducting magnet engineer, contracted to a company in the US. In order to do these installations, he has to finance the purchase of air tickets, hotels, car hire, etc. Once the job is complete, invoice the client for the number of days spent on site times the agreed rate and also include all expenses incurred on the same invoice.

Thanking you in advance.

Regards,
Lezzer

[jbell2210]

Hi,

You would just enter the total amount invoiced to your customers as sales. Then enter the expense payments separately. So the expenses are being paid out and then received back i.e. no impact on your profit.

Hope that answers your question.

[Lezzer]

It does indeed answer my question. So simple!!!

Many thanks.