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Presidents Expenses

Our President's out-of-pocket expenses are currently reimbursed at the end of the year. Has anyone formulated a method to track something like this in C & P, as the software does not cover this?

Becky Breitmayer
Project Manager
Karen Skunta & Company

Does your President give you the expense receipts monthly, but expects reimbursement only at the end-of-year? Set-up the President as a vendor and input as A/P every month with a year-end due date.

Roxanne Cowan
Rutherford Bolen Group Integrated Marketing

We set up a general ledger account called "other receivables" solely for her expenses.

Diane Elliott
Bookkeeper
Deardorff Associates, Inc.

You could set up a special job number, non-billable for this and then just assign expenses/costs as needed

Jennifer Larsen Morrow
marketing being
Creative Company, Inc.

If my boss gives me an expense report, receipt or at least something with information on it, especially if it is to be billed to a client, I post these reimbursements through Accounts Payable. I set him up as the Vendor..

Karen Cupp
Controller
p11creative