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View Full Version : I am taxed on reimbursed travel, how do I account for this


acdaley
Oct 24, 2016, 09:56 AM
I have a limited company where I travel to work. I pay for my plane tickets in advance and then the company who contracts me pays me for my services and reimburses me 100% for my travel two weeks later. On the paystub it shows revenue earned plus my plane tickets, they are taxing me on something I'm reimbursed for. How do I account for this in may accounting records or what is the journal entry to offset this?