Help: Splitting The Bill

BRAINANVIL

Hey Wave Folks! I paid a company for services rendered. My biz partner reimbursed me for his share of the bill. How should I book this entry?

JamieD

Hey @BRAINANVIL! What you will need to do in this case is essentially add an income transaction and categorize it as a 'refund' for the expense that you paid for (essentially, an expense reimbursement). I have attached a screenshot as to where you would handle this in Wave.