I have a client who is also my landlord. I provide product and services to them and that goes towards my rent each month. So if my rent is $1,500.00USD and I bill them $1,000.00USD then I only cut them a check for $500.00USD at the end of the month. I have tried several different ways of entering this and never seams to show up the way I want.
I want it to show up as an expense that both neutralizes the invoice (shows paid) and credits the rent category in my expenses.
I don’t want it to show up as income since it isn’t (I don’t want to be taxed on something I didn’t make)…
I don’t want it to show up as over payment and a liability, since it isn’t.
How do I enter this?