ANSWERS: 1
  • I think the entry is Debit - Misc. Receivable Credit - Cash or Accounts Payable Both of which are Balance Sheet items. I would not expense the travel on the income statement and then reduce the expense later when you get reimbursed. This will just make your income statement confusing from one month to the next. If you think they aren't going to reimburse you then you should expense it. But, otherwise, just set up a receivable and then when they pay you. Debit - Cash Credit - Misc. Receivable

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