I am using Manager Desktop Version 23.4.25.809 (I recently downloaded it). A very important option needed for my business is the billable expenses option. I followed this guide but there is no such option to enable billable expenses showing in the “Customise” tab. Any idea why that may be and how I can solve the problem?
The program has changed slightly since that Guide was written. Billable expenses are no longer in a separate tab. Instead, you just post applicable line items on a purchase invoice or payment transaction to the Billable expenses account. A field for the customer’s name will appear once you have selected the account.
@Tut, thank you for the explanation. I want to add a billable expense, but not too sure, I understand you 100%
So I need to create a billable expense account in my chart of accounts, and if so, under what category should it be ? Sorry if this sounds like a stupid question, but I am no accountant.
You don’t need to create the account. You only need to enable billable expenses. See "Billable Expenses" is no longer a tab. Other than the enabling mechanism, the rest of this Guide is correct: https://www.manager.io/guides/5503. As explained in the Guide, Billable expenses are assets while waiting to be invoiced, because they have the potential to generate revenue.
You can not create sub-accounts under Billable Expenses. Please read @Tut’s explanation in his post to which you replied. The link to the old guide is Record billable expenses | Manager and to the new guide Manager.io
I don’t seem to have any trouble adding a new account, e.g. “Billable Expenses - Postage (sales)” in the Chart of Accounts, and assigning it to the Billable Expenses (Profit & Loss Statement) Group. Is that not called a sub-account?
If you read the guides than you would have noticed that Users do not create any Billable Expense Account. Manager creates them as soon as you enable Billable Expenses tab in Customize.