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General Accounting Discussions: Reimbursable Costs

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    • CommentAuthorjgreen
    • CommentTimeSep 2nd 2009
     
    How would a company account for reimbursable costs? Example - a company outlays cash for certain expenditures and in the future (over different accounting periods) is reimbursed by a different company. These expenses may be either fixed assets or expenses. EITF 01-14 indicates that "out of pocket" reimbursable expenses should be recorded as income when reimbursed. In my case I'm not sure it would fall under "out of pocket", we're talking 10s of thousands of dollars. Any ideas?
    Thanks.

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