Expenses are handled in the following way in Web Suite or BillQuick Online:
EXPENSE CODE SETUP
First, you need to set up your expense codes for the company. You may specify a Purchase Tax on an expense code so that BillQuick knows how much GST is included.
After creating an expense code, you can use it for tracking your expenses. Example: Courier Fee including GST. When Courier is selected as the expense code, the Purchase Tax is read from the Expense screen. Enter 1 unit at $22.00 (i.e., the value on the receipt/invoice) but keep the Cost Includes Purchase Tax option checked.
When saving, Web Suite takes off the GST and calculates the amount as $20.00. When invoiced later, the GST will be added back.
GST is added to time and expense when invoiced provided MET (Main Expense Tax) has been set up in the Project-Details screen.