Ok, am I right in thinking that Manager treats billable expenses (reimbursable expenses) on the balance sheet so that when the expense claim is cleared the balance is zero.
But when it comes to GST Manager puts the expenses in the calculation sheet as sales, P&L, (which it must do so the GST on purchases can be claimed).
So at the end of the year when Manager prepares the financial reports won’t the total sales or income be different to the BAS total for the year? And won’t the reimbursable expenses be treated like normal business expenses.
I realise this topic is bordering on other areas, but I felt because it is the way Manager treats these accounts it was worth asking the question here.