What are charges, credits, billable time, and billable expenses?

Charges, credits, billable time, and billable expenses are non-posting transactions that you can bill to customers. You can enter them into QuickBooks over time and then let them flow onto the next invoice later.

Note: If you use automated invoicing, these unbilled transactions are added automatically.

• Charges are the most basic form of billing. They can represent anything you want to bill to your customer.
• Credits are the opposite of charges. They are charges you want to deduct from a customer's bill.
• Billable expenses are expenses you incur directly for a client, like lumber for a construction project, or furniture for an interior decorating job. When you enter a purchase, you can mark it as billable to a client.
• Billable time is available if you set up time tracking. Employees enter the hours they worked and can assign a customer to the time and mark it billable.