Are you receiving SNAP/EBT benefits? The Expensify.org/SNAP-VAX campaign is live and accepting new members. Learn more about receiving $50 for submitting a SNAP receipt and $50 for getting your COVID-19 vaccine here and join today!

QBO Integration Enhancement

William_Hannon
William_Hannon Expensify Customer Posts: 2

The manner in which Expensify is passing reimbursable expenses to QBO leaves a lot to be desired as it is incorrect. The following link https://help.kashoo.com/en/articles/370374-recording-reimbursable-expenses details the reasoning these reimbursable expenses should be booked to the balance sheet and not the income statement. I don't love that I'm going to need to go into QBO to manually override the vast majority of my expense related entries. What's even more frustrating in is this is something that could easily be fixed! E.g. you'll have every data point you'd need already so you'd just need to modify the mapping when this specific scenario occurs. In all the marketing materials I've read, Expensify has highlighted the benefits of process automation so I'm sure they can understand my point of view and will make the necessary upgrades accordingly!

0
0 votes

Not Developing · Last Updated

This does not fit with the vision for Expensify - see thread

Comments

  • Rachael Hopkins
    Rachael Hopkins Expensify Success Coach - Admin Posts: 865 Expensify Team

    Hi @William_Hannon Welcome to the Expensify Community!

    Can you please outline the problem you are looking to solve, and your proposal for the solution? While I see your opinion here, I'm not 100% sure what the actionable 'Idea' is.

    Are you saying you want Expensify to treat billable expenses as short-term client loans? I'm not an accountant but I have worked with accounting software for 15 years, and I have not encountered this treatment of on-charging expenses - in your experience, does this conform to GAAP?

  • William_Hannon
    William_Hannon Expensify Customer Posts: 2

    Hi, thanks for reaching out.  Your question prompted me to take a deeper dive into accounting pronouncements today and I am fine with the way things are currently mapped.  It is a little counterintuitive as you grossing up your income statement but it seems this is the manner in which most people would book based on the guidance that is out there.