Update: MasterCard has successfully resolved the issue with their commercial card systems. We're awaiting file deliveries now. For more information, please visit our status page.
Going to SuiteWorld in Las Vegas April 1-4? So are we! While you're there, you can stop by the Expensify booth in the Expo hall to chat about how the current features work, any questions you may have, or discuss what's next for this integration. We look forward to seeing you there!
How do I label an expense as billed to client or not?
I am a small business owner and am considering using expensify. I'm sure this is a very basic question, but I haven't been able to find how to set this up.
Scenario: employee goes out for lunch and uses expensify to charge the meal to my company. Assuming it's a valid expense, it's going to follow one of two paths:
1. It is a lunch that we are paying for ourselves, and it will be reimbursed and entered in QBO in the "unreimbursed meals" account (reimbursed and unreimbursed meals are treated very differently for taxes in Canada, and so have to be tracked separately)
2. This is a lunch that will be billed to a client, so I want to:
a. approve the expense; and
b. have it charged to the Reimbursed Meals account.
c.I also want to automatically create a "Bill" in QBO, so that when I generate the invoice for the client at the end of the month it will present this expense to me for automatic addition to the invoice.
d. I also want to be sure that it specifies the currency of the expense somewhere in the name, so I can manually adjust it to USD if it was a non-USD expense (for reasons that aren't interesting in the present context, QBO does not have real multicurrency support, even though it has a feature called "multicurrency"!
The QBO integration I have been able to find seems to require me to specify a QBO account at the time I create the policy, but in this case I won't know which account until I approve the expense. Also, I don't see anywhere that it will let me specify that an expense will get billed to the client.