Thirdparty payment on behalf of customer and receive with service charge

1

Hi, Greetings.
Someone pls help.
I am running a service firm and frequently make payments (mostly, bills) from my bank account on behalf of my customer. How can I record this transaction in manager and receipt of this amount with a service charge?

Ali

2

Have you looked at the guide Record billable expenses

This would seem to fit your requirement

3

Dear Joe,
Thanks for the response.
i am not well versed with accounting terminology, kindly explain procedure.

Ali

4

Did you read the Guide, @alithottasseri? It explains the procedure completely, including illustrations and examples. And it links to a companion Guide on how to invoice billable expenses. If you cannot understand it because of terminology, what terms do you not understand?

5

Dear @Joe91 , @Tut
It is working fine with billable expenses.
Thanks for your assistance.

One more thing pls.
on the subject, I make payments to various third parties on behalf of customer.
Can i add sub accounts to billable expenses to keep account of each biller.

regards

6

No. But if you enter your billable expenses using purchase invoices, you will be able to track purchases from each supplier. You could add a custom field to your purchase invoices to indicate whether they are billable expenses. Set the field to show as a column and such entries will show in the Purchase Invoices list.

7

Tks