On 8/24/07, Chris Sykes <[EMAIL PROTECTED]> wrote:
>
> HI
>
> I'm new to both LedgerSMB and to this mailing list, so sorry if this is
> a FAQ. I was wondering if anybody had some advice as to how to handle
> employee expenses within LedgerSMB. For example, if an employee has had
> to purchase an item from one of our suppliers using a personal credit
> card.
Here is what I do. THis may not work for you if you have a lot of
employees.
I would create a liability account for each employee. I would create an AP
invoice/transaction and pay it against that account. Then you can pay the
employee and move the money from the related asset account.
Longer-run (maybe 1.4 or 2.0) we may want to look at setting this up so that
it works for larger organizations (i.e. one account, but debts paid per
employee similar to how AP works).
I'd like all such purchases to still be associated with the real
> supplier (rather than the employee). The company will still be able to
> reclaim VAT on these purchases.
>
> Do I need to set up expense accounts for each of the employees, and
> record the transactions against these accounts?
Yes. Make the account a liability account since it represents money owed to
employees.
Best WIshes,
Chris Travers
--
> Chris Sykes
>
> Next Step Solutions Limited
> Unit K6 Liners Industrial Estate, Pitt Road
> Freemantle, Southampton, UK, SO15 3FQ
> Tel: 02380 224200
> Mob: 07726 305061
>
>
>
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