Questions tagged [reimbursement]
The reimbursement tag has no usage guidance.
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Equipment purchase for client
I have a small business. In FY2023, I (my small business) purchased an equipment on behalf of a client for which the client reimbursed me, therefore, the payment appears as income. The equipment is ...
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Common practice for reibursement of business travel expenses done in foreign currency
I am back from a business trip outside my home country, and I have done various expenses in foreign currency using my credit card. This includes conference tickets & accommodation which are far ...
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Are miles driven for business deductible expenses if the travel expenses are reimbursed?
I completed some work for an organization. I was paid as an independent contractor and expect to be issued a 1099. For one part of the work, I was required to travel a significant distance (by car). ...
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HSA - Date Expense Incurred - Multiple Dates
I have a bill from my doctor for 2 services, one was performed in January and the other was in March. I have had my HSA for several years and these are qualified medical expenses. Since I have a ...
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S-corp accountable reimbursement timeline
This is my first year as LLC (taxed as S-corp)
This is work from home, so I am planning to file for reimbursement for my LLC for the "part" of house EMI and other expenses etc., reading over ...
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Tracking taxable reimbursement in double entry accounting with cash accounting (as employee)
Let's suppose we have the following events
2021-12-15: I paid $1000 rent from my checking account.
2022-01-15: I received $1000 in my checking account from my employer as the housing allowance (...
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Is shareholder of A whose business travel cost reimbursed by company A once and receives no wages from A considered either employee or contractor?
Is a share-holder of company A who is paid for business travel costs by company A but does not receive any wages from company A and spends all their working hours for company B which has no ...
user118302
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Is it legal and ethical to make a purchase for an institution using a personal credit card and keep the cashback?
If I purchase a product that costs $100 for an institution using my personal credit card and the institution reimburses me with $100 after the purchase. Later my credit card company gives me $5 ...
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In GnuCash, how can I create a line item in an invoice that uses an expense account as the transfer account instead of an income account?
I am a freelancer; some of my clients pay me as an employee and some as a contractor. I have separate expense accounts for expenses I incur as a contractor and as an employee because as an employee, ...
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Reimbursement from insurance after FSA reimbursement received
A couple months ago, I had a dental appointment and, since my dentist is not in-network, I had a substantial bill. I submitted this expense to my flex spending account (FSA) for reimbursement, and I ...
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Tricount balances change after each reimbursement
My friends and I are using Tricount to keep track of shared expenses during our trips. It is an excellent app but it seems to have an absolutely infuriating problem: whenever someone makes a ...
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GNUCash: Reimbursements from Friends
I just started using GNUCash to track my finances, and I have two hypothetical examples I'm not sure how to log.
Example 1
On Sunday, I made a 100$ purchase. Since I didn't have a credit card on hand,...
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Taxes regarding relocation - Final Move/Travel
If my spouse and I both get relocation package from different employers, and both employers cover the final move/travel (from current address to out-of-state new address) for 2 of us, can each one of ...
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How to track a Tricount (IOU account) with partner in GnuCash
My partner and I have a shared ledger on Tricount, an app used for calculating how much money one owes on shared expenses.
From the perspective of mechanics in GnuCash, the simplest way would be not ...
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Is there a word that encompasses both "compensation" and "reimbursement"?
Here on wordreference.com I was reading that:
Reimbursement is specifically giving back the same amount of money they paid.
Compensation is wider - it means giving them something, usually ...
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