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Questions and Answers
What is the difference between disbursements and chargebacks?
What is the difference between disbursements and chargebacks?
- Disbursements are fees offered by your client that you will pay on your behalf.
- Disbursements are invoices that your client mandates you to pay on his behalf. (correct)
- Disbursements are not included in your expenses or in your sales.
- Disbursements and chargebacks are the same practice
Where are disbursements recorded in the accounts?
Where are disbursements recorded in the accounts?
- Account 468
- Account 469
- Account 470
- Account 467 (correct)
What is the VAT status of both the expense and the reimbursement?
What is the VAT status of both the expense and the reimbursement?
- It is subject to VAT (correct)
- It is not subject to VAT
- It is subject to a flat fee
- It is subject to a variable fee
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Study Notes
- Disbursements are invoices that your client mandates you to pay on his behalf.
- Reimbursement of expenses incurred in the course of your assignment must be done to the nearest euro.
- Chargebacks are fees offered by your client that you will pay on your behalf.
- Disbursements and chargebacks are the same practice, but there are important differences.
- Disbursements are not included in your expenses or in your sales, but are recorded in the accounts in account 467.
- Chargebacks are fees offered by your client that you will pay on your behalf.
- You will be able to deduct expenses incurred in the course of your assignment as an expense, but you will have to charge a flat fee at the same time.
- Both the expense and the reimbursement are subject to VAT: you will therefore recover it on your purchase and invoice it on the package offered to your client.
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