I have made a ‘receive payment’ on an invoice that was set up as a Billable Expense. However, I now see that the payment is sitting in the ‘suspense’. It also shows the amount in ‘Billable Expense - invoiced’ and ‘Billable Expense - cost’.
I understand that these two amounts are the same and cancel each other out as ‘income’ and ‘expenses’ respectively, but I dont understand why the amount is also shown in ‘suspense’.
I read somewhere that the ‘receive payment’ should be in ‘accounts receivable’ and not Billable Expenses, but I dont seem to have that option…perhaps this is the reason for the amount sitting in expense?
Any ideas please?