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Re: Handling Employee Expenses
- Subject: Re: Handling Employee Expenses
- From: Michael Richardson <..hidden..>
- Date: Tue, 15 Dec 2009 12:09:04 -0500
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>>>>> "Luke" == Luke <..hidden..> writes:
Luke> I am trying to figure out the best way to book the following
Luke> expense scenario...
Luke> Company A needs a piece of inventory.
Luke> An employee buys that inventory personally from company B.
Luke> Customer pays company A.
My solution does not scale, but it works well for small companies.
Luke> I want company B to be a vendor of company A, because in
Luke> future transactions, it is likely that purchases will be
Luke> So I can create a vendor entry for company B.
Luke> However, how do I move money around within accounts, to pay
Luke> the employee instead of the vendor itself? Or some how
Luke> indicate that company A is paying company b via the employee?
I created a banking account, "Michael Richardson Expenses", and I
pay Company B from this account. It goes negative, so I create an AP
Transaction that then fills this account, and issue a checque to
] He who is tired of Weird Al is tired of life! | firewalls [
] Michael Richardson, Sandelman Software Works, Ottawa, ON |net architect[
] ..hidden.. http://www.sandelman.ottawa.on.ca/ |device driver[
Kyoto Plus: watch the video <http://www.youtube.com/watch?v=kzx1ycLXQSE>
then sign the petition.
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