I would like to know what accrual method I should use for the following scenario.
I have a customer project on which I only have expenses or pass-through. It is bill back to the customer at actual cost.
Meal and Entertainment: 10$
On my sales order, I used a service set up as “Expense”, Item Type: Expenses - Time and Materials (Project)
No bill has been issued yet to the customer. And we do not want to trigger an invoice at this point.
I need to close the month.
I would like to recognize 10$ of cost and 10$ of revenue.
Which accrual method would enable me to achieve this result automatically?