Is This Expense Billable
A Billable Expense Is an Expense You Incur on Your Customer’s Behalf When You Perform a Work for Them. You Can Easily Record and Track Billable Expenses So...
A billable expense is an expense you incur on your customer’s behalf when you perform a work for them. You can easily record and track billable expenses so your customer can reimburse them when they receive their invoice.
What does it mean if an expense is billable?
When your company incurs operational expenses while selling a product/service to your customers(For example, Shipping Costs), it is marked as billable. This is done so that the company could bill the customer and get it reimbursed.
What is a billable purchase?
There are times when a business purchases on behalf of a client. Such purchase is referred to as a billable expense. Therefore, the money that’s paid by a client to cover the expenses incurred on their behalf is called billable expense income.