Accounting Talk Accounting Talk    FAQ   Search   Memberlist   Usergroups   Register   Profile   Log in to check your private messages   Log in  How do I....?          Accounting Talk Forum Index -> Quickbooks View previous topic :: View next topic   Author Message Inabón Yunes Guest Posted: Sat May 17, 2008 4:30 pm    Post subject: How do I....? I received a check from a client. This check covered the service I provided plus an amount spent in materials that the customer was going to reimburse. How do I split the payment? I want QBooks to place the part of the check for the service as income but the reimbursed part as a budget neutral transaction. Back to top   Ads Advertising Sponsor Laura Guest Posted: Sat May 17, 2008 5:29 pm    Post subject: Re: How do I....? "Inabón Yunes" <boricua@x100pre.com> wrote in message news:0kzXj.35275$7a.33243@bignews1.bellsouth.net... Quote: I received a check from a client. This check covered the service I provided plus an amount spent in materials that the customer was going to reimburse. How do I split the payment? I want QBooks to place the part of the check for the service as income but the reimbursed part as a budget neutral transaction. Record your expense for the materials as you normally do but include the customer name on the invoice. Also, check off the box marked billable. Now create an invoice for the customer. You should be prompted to include time & costs for this customer. Add those to the invoice. Now you can apply his entire check for services & materials. The material piece will get debited to expense on your vendor invoice and credited on your customer invoice to net to zero. Back to top   Ads Advertising Sponsor Inabón Yunes Guest Posted: Mon May 19, 2008 5:51 am    Post subject: Re: How do I....? I tried it but to no avail! First, I am new to Quickbooks and don't know what you mean by entering expenses as usual Second, I clicked on Time/Costs but there were no transactions there. The invoice was full but no transactions to check billable. I have QB 2006. I hope you can give me a way to record payments minus the money reimbursed. I want in my bank account only what I have to pay taxes for. iy "Laura" <invalid@sample.invalid> wrote in message news:NcAXj.217818$D_3.8478@bgtnsc05-news.ops.worldnet.att.net... Quote: "Inabón Yunes" <boricua@x100pre.com> wrote in message news:0kzXj.35275$7a.33243@bignews1.bellsouth.net... I received a check from a client. This check covered the service I provided plus an amount spent in materials that the customer was going to reimburse. How do I split the payment? I want QBooks to place the part of the check for the service as income but the reimbursed part as a budget neutral transaction. Record your expense for the materials as you normally do but include the customer name on the invoice. Also, check off the box marked billable. Now create an invoice for the customer. You should be prompted to include time & costs for this customer. Add those to the invoice. Now you can apply his entire check for services & materials. The material piece will get debited to expense on your vendor invoice and credited on your customer invoice to net to zero. Back to top   Ads Advertising Sponsor Laura Guest Posted: Mon May 19, 2008 6:43 am    Post subject: Re: How do I....? When you enter a bill or write a check to a vendor, include the details that you want to charge the customer on their own line. Enter the customer name and click on the "billable" check box. Now when you invoice the customer click on the "Add time/costs" button on the invoice. Check the time and expense tabs so that you can select the appropriate entries for that customer. -- Laura "Inabón Yunes" <boricua@x100pre.com> wrote in message news:f94Yj.23334$C8.4943@bignews2.bellsouth.net... Quote: I tried it but to no avail! First, I am new to Quickbooks and don't know what you mean by entering expenses as usual Second, I clicked on Time/Costs but there were no transactions there. The invoice was full but no transactions to check billable. I have QB 2006. I hope you can give me a way to record payments minus the money reimbursed. I want in my bank account only what I have to pay taxes for. iy "Laura" <invalid@sample.invalid> wrote in message news:NcAXj.217818$D_3.8478@bgtnsc05-news.ops.worldnet.att.net... "Inabón Yunes" <boricua@x100pre.com> wrote in message news:0kzXj.35275$7a.33243@bignews1.bellsouth.net... I received a check from a client. This check covered the service I provided plus an amount spent in materials that the customer was going to reimburse. How do I split the payment? I want QBooks to place the part of the check for the service as income but the reimbursed part as a budget neutral transaction. Record your expense for the materials as you normally do but include the customer name on the invoice. Also, check off the box marked billable. Now create an invoice for the customer. You should be prompted to include time & costs for this customer. Add those to the invoice. Now you can apply his entire check for services & materials. The material piece will get debited to expense on your vendor invoice and credited on your customer invoice to net to zero. Back to top   Ads Advertising Sponsor Haskel LaPort Guest Posted: Mon May 19, 2008 6:46 pm    Post subject: Re: How do I....? "Inabón Yunes" <boricua@x100pre.com> wrote in message news:f94Yj.23334$C8.4943@bignews2.bellsouth.net... Quote: I tried it but to no avail! First, I am new to Quickbooks and don't know what you mean by entering expenses as usual Second, I clicked on Time/Costs but there were no transactions there. The invoice was full but no transactions to check billable. I have QB 2006. I hope you can give me a way to record payments minus the money reimbursed. I want in my bank account only what I have to pay taxes for. How can anyone help you if we have no idea what you recorded in QuickBooks prior to the receipt of cash. Quote: iy "Laura" <invalid@sample.invalid> wrote in message news:NcAXj.217818$D_3.8478@bgtnsc05-news.ops.worldnet.att.net... "Inabón Yunes" <boricua@x100pre.com> wrote in message news:0kzXj.35275$7a.33243@bignews1.bellsouth.net... I received a check from a client. This check covered the service I provided plus an amount spent in materials that the customer was going to reimburse. How do I split the payment? I want QBooks to place the part of the check for the service as income but the reimbursed part as a budget neutral transaction. Record your expense for the materials as you normally do but include the customer name on the invoice. Also, check off the box marked billable. Now create an invoice for the customer. You should be prompted to include time & costs for this customer. Add those to the invoice. Now you can apply his entire check for services & materials. The material piece will get debited to expense on your vendor invoice and credited on your customer invoice to net to zero. Back to top   Ads Advertising Sponsor Inabón Yunes Guest Posted: Tue May 20, 2008 4:58 am    Post subject: Re: How do I....? Then the answer is easy, don't! I already got the help I needed from Laura. See, she figured it out and you couldn't. iy "Haskel LaPort" <QBFanBoy@gmail.com> wrote in message news:483184aa$0$25025$607ed4bc@cv.net... Quote: "Inabón Yunes" <boricua@x100pre.com> wrote in message news:f94Yj.23334$C8.4943@bignews2.bellsouth.net... I tried it but to no avail! First, I am new to Quickbooks and don't know what you mean by entering expenses as usual Second, I clicked on Time/Costs but there were no transactions there. The invoice was full but no transactions to check billable. I have QB 2006. I hope you can give me a way to record payments minus the money reimbursed. I want in my bank account only what I have to pay taxes for. How can anyone help you if we have no idea what you recorded in QuickBooks prior to the receipt of cash. iy "Laura" <invalid@sample.invalid> wrote in message news:NcAXj.217818$D_3.8478@bgtnsc05-news.ops.worldnet.att.net... "Inabón Yunes" <boricua@x100pre.com> wrote in message news:0kzXj.35275$7a.33243@bignews1.bellsouth.net... I received a check from a client. This check covered the service I provided plus an amount spent in materials that the customer was going to reimburse. How do I split the payment? I want QBooks to place the part of the check for the service as income but the reimbursed part as a budget neutral transaction. Record your expense for the materials as you normally do but include the customer name on the invoice. Also, check off the box marked billable. Now create an invoice for the customer. You should be prompted to include time & costs for this customer. Add those to the invoice. Now you can apply his entire check for services & materials. The material piece will get debited to expense on your vendor invoice and credited on your customer invoice to net to zero. Back to top   Ads Advertising Sponsor Haskel LaPort Guest Posted: Tue May 20, 2008 6:33 pm    Post subject: Re: How do I....? "Inabón Yunes" <boricua@x100pre.com> wrote in message news:vuoYj.156827$Er2.18901@bignews6.bellsouth.net... Quote: Then the answer is easy, don't! I already got the help I needed from Laura. See, she figured it out and you couldn't. "Inabon Yunes", Haskel never forgets. Quote: iy "Haskel LaPort" <QBFanBoy@gmail.com> wrote in message news:483184aa$0$25025$607ed4bc@cv.net... "Inabón Yunes" <boricua@x100pre.com> wrote in message news:f94Yj.23334$C8.4943@bignews2.bellsouth.net... I tried it but to no avail! First, I am new to Quickbooks and don't know what you mean by entering expenses as usual Second, I clicked on Time/Costs but there were no transactions there. The invoice was full but no transactions to check billable. I have QB 2006. I hope you can give me a way to record payments minus the money reimbursed. I want in my bank account only what I have to pay taxes for. How can anyone help you if we have no idea what you recorded in QuickBooks prior to the receipt of cash. iy "Laura" <invalid@sample.invalid> wrote in message news:NcAXj.217818$D_3.8478@bgtnsc05-news.ops.worldnet.att.net... "Inabón Yunes" <boricua@x100pre.com> wrote in message news:0kzXj.35275$7a.33243@bignews1.bellsouth.net... I received a check from a client. This check covered the service I provided plus an amount spent in materials that the customer was going to reimburse. How do I split the payment? I want QBooks to place the part of the check for the service as income but the reimbursed part as a budget neutral transaction. Record your expense for the materials as you normally do but include the customer name on the invoice. Also, check off the box marked billable. Now create an invoice for the customer. You should be prompted to include time & costs for this customer. Add those to the invoice. Now you can apply his entire check for services & materials. The material piece will get debited to expense on your vendor invoice and credited on your customer invoice to net to zero. Back to top   Ads Advertising Sponsor Inabón Yunes Guest Posted: Wed May 21, 2008 2:07 am    Post subject: Re: How do I....? What happened? spat against the wind? Sorry, elephants never forget either. That is why they are bellow humans in the evolution ladder! iy "Haskel LaPort" <QBFanBoy@gmail.com> wrote in message news:4832d325$0$11607$607ed4bc@cv.net... Quote: "Inabón Yunes" <boricua@x100pre.com> wrote in message news:vuoYj.156827$Er2.18901@bignews6.bellsouth.net... Then the answer is easy, don't! I already got the help I needed from Laura. See, she figured it out and you couldn't. "Inabon Yunes", Haskel never forgets. iy "Haskel LaPort" <QBFanBoy@gmail.com> wrote in message news:483184aa$0$25025$607ed4bc@cv.net... "Inabón Yunes" <boricua@x100pre.com> wrote in message news:f94Yj.23334$C8.4943@bignews2.bellsouth.net... I tried it but to no avail! First, I am new to Quickbooks and don't know what you mean by entering expenses as usual Second, I clicked on Time/Costs but there were no transactions there. The invoice was full but no transactions to check billable. I have QB 2006. I hope you can give me a way to record payments minus the money reimbursed. I want in my bank account only what I have to pay taxes for. How can anyone help you if we have no idea what you recorded in QuickBooks prior to the receipt of cash. iy "Laura" <invalid@sample.invalid> wrote in message news:NcAXj.217818$D_3.8478@bgtnsc05-news.ops.worldnet.att.net... "Inabón Yunes" <boricua@x100pre.com> wrote in message news:0kzXj.35275$7a.33243@bignews1.bellsouth.net... I received a check from a client. This check covered the service I provided plus an amount spent in materials that the customer was going to reimburse. How do I split the payment? I want QBooks to place the part of the check for the service as income but the reimbursed part as a budget neutral transaction. Record your expense for the materials as you normally do but include the customer name on the invoice. Also, check off the box marked billable. Now create an invoice for the customer. You should be prompted to include time & costs for this customer. Add those to the invoice. Now you can apply his entire check for services & materials. The material piece will get debited to expense on your vendor invoice and credited on your customer invoice to net to zero. Back to top   Ads Advertising Sponsor Haskel LaPort Guest Posted: Wed May 21, 2008 2:29 am    Post subject: Re: How do I....? "Inabón Yunes" <boricua@x100pre.com> wrote in message news:f3HYj.12637$hv2.2235@bignews5.bellsouth.net... Quote: What happened? spat against the wind? Sorry, elephants never forget either. That is why they are bellow humans in the evolution ladder! You made my point. Great choice for an analogy. Quote: iy "Haskel LaPort" <QBFanBoy@gmail.com> wrote in message news:4832d325$0$11607$607ed4bc@cv.net... "Inabón Yunes" <boricua@x100pre.com> wrote in message news:vuoYj.156827$Er2.18901@bignews6.bellsouth.net... Then the answer is easy, don't! I already got the help I needed from Laura. See, she figured it out and you couldn't. "Inabon Yunes", Haskel never forgets. iy "Haskel LaPort" <QBFanBoy@gmail.com> wrote in message news:483184aa$0$25025$607ed4bc@cv.net... "Inabón Yunes" <boricua@x100pre.com> wrote in message news:f94Yj.23334$C8.4943@bignews2.bellsouth.net... I tried it but to no avail! First, I am new to Quickbooks and don't know what you mean by entering expenses as usual Second, I clicked on Time/Costs but there were no transactions there. The invoice was full but no transactions to check billable. I have QB 2006. I hope you can give me a way to record payments minus the money reimbursed. I want in my bank account only what I have to pay taxes for. How can anyone help you if we have no idea what you recorded in QuickBooks prior to the receipt of cash. iy "Laura" <invalid@sample.invalid> wrote in message news:NcAXj.217818$D_3.8478@bgtnsc05-news.ops.worldnet.att.net... "Inabón Yunes" <boricua@x100pre.com> wrote in message news:0kzXj.35275$7a.33243@bignews1.bellsouth.net... I received a check from a client. This check covered the service I provided plus an amount spent in materials that the customer was going to reimburse. How do I split the payment? I want QBooks to place the part of the check for the service as income but the reimbursed part as a budget neutral transaction. Record your expense for the materials as you normally do but include the customer name on the invoice. Also, check off the box marked billable. Now create an invoice for the customer. You should be prompted to include time & costs for this customer. Add those to the invoice. Now you can apply his entire check for services & materials. The material piece will get debited to expense on your vendor invoice and credited on your customer invoice to net to zero. 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