I’m confused on how to record a company expenses in the proper way.
I understood that:
- Reimbursement to employees or third party, should be recorded through expenses claim
- General expenses should be recorded through the journal.
Let’s say that today, 11/07/2014, my company received an invoice for consulting fees (expense) with payment set by the end of the month, july 2014. How should i record the whole process to make the accounting work well?Can you please post some screenshots as example of the right procedure?
it would be very easy if we could record this kind of invoice (expense) in the same way we record the sales invoices (income)…updating the balance amount at the date we receive or we do payments.