Any good ideas for recording recoverable expenses?

dklem

I tried to create an asset account for my recoverable expenses (things like travel and meals that I get paid back for in full, including taxes). However, whether I put it under Expected Payments from Customers or Other Long Term Assets, it doesn't show up under the categories for classifying receipts. Note: there is another thread on using receipts for fixed assets - same problem - and some people had been successful with long term assets.

You could argue I don't need to enter these, just invoice the total and not worry about the detailed amounts. True, until you get audited and have no backup in the accounting system!

Erik

Hi @dklem! You can find our Help Center guide on the topic here: https://support.waveapps.com/hc/en-us/articles/115000588103-