Often times even when your expense report is done, the expensing process isn’t over. If you do consulting or deal with clients directly on behalf of your firm chances are that a lot of costs are incurred on the clients behalf and must be billed back to them. If you’re using QuickBooks there’s now an easier way to tell which expenses should be rebilled to the client.
When you’re working on an expense report, open up any expense item in detail and check out the new “Billable” box! Put a check there and mark any expense as one that needs to be billed back to a client. When the expense report is brought over in to QuickBooks the billable flag will already be set for the expenses that need to be invoiced. From there, create an invoice in QuickBooks the same way you normally do and send it off to get paid.