business operation: How to keep billable expenses off my profit/loss statement?
“If I buy a $1000 dollar robot for a client”
Which makes this your Expense.
“and the client reimburses me $1000 for the robot,”
Which makes this your Income.
“the $1000 isn’t income or an expense to me”
Yes, it is. You track everything as Gross. The Net = 0, meaning no profit, by you […]
Resolution for 'business operation issue: 'How to keep billable expenses off my profit/loss statement?' available: Yes.
The business operation issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the business operation issue yourself by looking for a resolution described in the article. If it is a complex business operation issue or you are unable to solve the issue, you may contact us by clicking here or by using other business operation support options.
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