Question

A parent company has sub-customers, and the parent has assured you that all expenses have been entered. However, when they are invoiced, the drawer to the right doesn't show any unbilled charges. Why is this?

a) The expenses have not been marked as billable.
b) The sub-customers have been set up as bill as a customer.
c) An incorrect date has been entered on the expenses were recorded.
d) The expenses have been entered as Bills and Checks instead of expense transactions.

Answer 1

The issue with unbilled charges not appearing could be due to expenses not being marked as billable, sub-customers configured to 'bill with parent', incorrect dates on recorded expenses, or if expenses were entered as Bills and Checks instead of expense transactions.

Step-by-step explanation:

The question pertains to why a company's expenses aren't showing up as unbilled charges when attempting to create an invoice for sub-customers in an accounting software system. The possible reasons could be:

• The expenses have not been marked as billable: If the expenses were not marked as billable, they would not show up as unbilled charges when invoicing.
• The sub-customers have been set up as bill with parent: In some accounting systems, sub-customers must be set up correctly to ensure expenses are billed to the right party.
• An incorrect date has been entered on the expenses: If the expenses were recorded with a date that falls outside the invoicing period, they would not appear.
• The expenses have been entered as Bills and Checks instead of expense transactions: Depending on the system, this might prevent them from being processed as unbilled charges.

To resolve this issue, one should check the expense entries for these potential misconfigurations or errors.