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Old 11-09-2017, 12:07 PM
JeffW012 JeffW012 is offline
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Location: North Carolina
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Recording Payment Receipt of Pass-Thru Sale to Employees

Our company purchased some patio items directly from manufacturers to be used at marketing events as special give-away items, but instead of using all of them for marketing, we let employees buy a couple of the items at our cost - no markup at all, just as a straight pass thru to them (less than 1/2 the price of retail)

Because these items were going to be used for marketing, we recorded the purchase as "general marketing expense"; no inventory items were set up.

To record the payment receipt from an employee for an item, we chose to NOT create an invoice because we don't want to skew our sales records, and we do want to correctly reflect our true general marketing spend.

So we selected "make deposits" under the "banking" menu, put the employee name in the "received from" field, and selected "general marketing expense" for the "from account" field. Is this the best way to record this transaction?
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Old 11-10-2017, 06:12 AM
Rustler Rustler is offline
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Location: Texas - The Republic
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Remove the employee name from the deposit, other wise yes that works

As a general rule, mixing income and expense in one account is frowned upon, but as an occasional thing like this situation - no problem
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apply payment, pass through, reimbursements

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