![]() But there may be times where it's necessary. For more details, see the How to check your employee reimbursements section through this article: Reimburse An Employee.įurthermore, it's a great business practice to avoid mixing business and personal expenses. This lets you review your employee reimbursements in the program. Just make sure to choose the appropriate Bank Account.Īfter that, run and customize the Transaction Detail by Account report. Once done, you can now pay your employee who paid the travelling expenses through a cheque or an expense. Enter the account name, such as Clearing or Barter Account. ![]() Once verified, proceed with the steps below. Also, they can help you assist with creating a journal entry. Before that, I'd suggest consulting your accountant to determine the appropriate account and detail types for this. Then, create a journal entry to transfer the value from the CLP account to the clearing account. To help fix this, you can set up a clearing account to offset the negative value of the CLP account. ![]() That's why the account's QuickBooks Balance is showing -102,251. It may cause a negative amount when you record expenses of a trip. The CLP currency account may have no opening balance when it was created. Also, I'm here to help you handle with offsetting the negative value of your account used for travelling expenses. Thank you for providing on-point details about your concern and a screenshot above, These help me determine the root cause of this issue.
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