Steven, As Adrien has said the account should be an Asset account for the reasons he gave.
When you first incur a reimbursable expense the transaction to your credit card account should have a credit for the amount of the expense to your credit card account and a debit to the Reimbursables asset account for the amount. When you invoice the customer for that reimbursable expense you will create splits as part of the invoice transaction which has a credit entry to the Reimbursables account and a debit entry to the Accounts Receivable. Other items in the invoice might have credit entries to the Services income account and debit entries to the Accounts Receivable. The debit entries for these individual items in the invoice will usually be summed into a single debit entry to the Accounts Receivable. This effectively transfers the reimbursable amount to the Accounts Receivable account. When the customer pays you and you deposit the check the recording transaction has a debit entry to Business Checking account and a credit entry to the Accounts Receivable. This completes the cycle for recording the reimbursable expense and its repayment. David Cousens ----- David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
