Thank you. For clients that have many small billable expenses, the challenge with this approach I think is that it may results in a ton of little billable expenses invoices. It'd be nice to consolidate them into one clean invoice for the customer.
I agree. Thats why some clients would rather just generate a transaction list and use that as a billing statement breakdown instead of going through the billable expenses one by one. But for smaller businesses, this should do the trick.
Hi Luke! unfortunately, only QBO plus and Advanced offer this feature. But I can offer you a work around method if you like. please email me at drewmolo2017@armaccountingbs.com
Hi, the purpose of the feature is so that you no longer need to create separate entries of expenses posted to other receivable accounts. You just have to create the expense the way you normally would. But this expense can be reversed once the invoice is already created. So I think what your client did is fine but it requires entering the billable expense separately in order to post it to a receivable account. In the example in the video, the expense will be posted to the receivable account once the invoice is created. Until then, it remains in the expense account.
I don't think it requires correction, just transition to the billable expense feature moving forward, and manually create invoice for those transaction that are already in the other receivable account
Hi, do you have any tutorial to get rid of a bunch of unwanted billable expenses? I saw another youtube video that says to go to qbo.intuit.com/app/managebillableexpenses but I cannot go there. Thanks
If it's the latter, try this: Go to sales> then select Unbilled activity> select the customer you want to correct> in the transaction list, select the billable expense charge you want to correct > select Expense or Cheque> now you are inside the specific transaction marked as billable> then uncheck the box in the billable column> then save & close. and you are done.
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Thank you. For clients that have many small billable expenses, the challenge with this approach I think is that it may results in a ton of little billable expenses invoices. It'd be nice to consolidate them into one clean invoice for the customer.
I agree. Thats why some clients would rather just generate a transaction list and use that as a billing statement breakdown instead of going through the billable expenses one by one. But for smaller businesses, this should do the trick.
Usage
Hi Sir Andrew, can we do billable expense if the QB subscription is Online Simple Start?
I don't see these options under Expenses menu. I have QBO Essenrials
Hi Luke! unfortunately, only QBO plus and Advanced offer this feature. But I can offer you a work around method if you like. please email me at drewmolo2017@armaccountingbs.com
@@AndrewRMoloCPA I would also be interested in a work around for QB Essentials
Very helpful and easy to follow. Thank you very much!
This has really helped me today. Thanks a lot.
can you suggest me any other software which supports billable expense same fashion
hi Andrew, so all billable expense should be under expense account? my client has coded all expenses as other receivable, how can I correct this
Hi, the purpose of the feature is so that you no longer need to create separate entries of expenses posted to other receivable accounts. You just have to create the expense the way you normally would.
But this expense can be reversed once the invoice is already created. So I think what your client did is fine but it requires entering the billable expense separately in order to post it to a receivable account.
In the example in the video, the expense will be posted to the receivable account once the invoice is created. Until then, it remains in the expense account.
I don't think it requires correction, just transition to the billable expense feature moving forward, and manually create invoice for those transaction that are already in the other receivable account
Very Helpful.
Hi, do you have any tutorial to get rid of a bunch of unwanted billable expenses? I saw another youtube video that says to go to qbo.intuit.com/app/managebillableexpenses but I cannot go there. Thanks
hello, Do you intend to remove the expense itself? or you just want to correct unbillable expense tagged as billable?
If it's the latter, try this: Go to sales> then select Unbilled activity> select the customer you want to correct> in the transaction list, select the billable expense charge you want to correct > select Expense or Cheque> now you are inside the specific transaction marked as billable> then uncheck the box in the billable column> then save & close. and you are done.
Papaano po mag set up para sa salon business?