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How to Bookkeep Unbilled Income and Expenses at Year-End

Unbilled income refers to revenue that has been earned but not yet invoiced to the customer. This often happens when work is ongoing, and you need to account for the income that has been earned up to a certain point.

How to Add and Bookkeep Reimbursable Expenses on an Invoice

A reimbursable expense is a cost you incur on behalf of a customer. Travel expenses and special materials or supplies are examples of common reimbursable expenses. When you bill your client, include these costs on the invoice so that they can reimburse you.

How to Account for Subscriptions

If you have a recurring expense, like a subscription that you pay for every month, you can keep track of it in Balabook. Balabook does not currently have a feature that can automate recurring expenses. However, you can keep track of these expenses by categorizing the transactions to an existing expense account, or a custom expense account.

How to Enter a New Expense

An expense transaction is a record of money spent by your business on goods or services. This can include purchases such as office supplies, utilities, travel, or any other operational costs.

What are the Receipts Subscription Fees;

How to Scan and Upload Your Receipts

The receipts scan feature allows you to capture and upload images of receipts on the mobile app, upload receipt files in your web browser, and forward your digital receipts via email. Each receipt you upload automatically creates a corresponding expense transaction in your accounting.

What Does the Accountant Plan Contains

The Accountant Plan is designed for professionals and teams managing multiple clients or advanced accounting needs.

How to Record a Capital Asset Purchase

A capital asset is something that your business owns that can be used to generate revenue. For example, furniture, machinery, vehicles and buildings.

Payroll Bookkeeping in Balabook

In Balabook, the payroll bookkeeping process involves approving payroll runs to generate journal entries for expenses and liabilities, manually entering payroll journal entries for accuracy, and recording employee payments to reduce payroll liabilities.

View and Understand your Profit & Loss Statement

The profit & loss statement, or Income statement, shows the money earned and spent over a specific period, providing a look into business profitability.