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How do I take an expense and apply it to a customer? This would be the only way to see a net profit report

 
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QuickBooks Team

Re: How do I take an expense and apply it to a customer? This would be the only way to see a net ...

You can make the expense transaction billable to the customer, marissanldnr.

 

To do this, you'd have to activate the billable feature in your company settings first.

 

Like this:

  1. Click the Gear icon in the upper right-hand corner of the Dashboard.
  2. Under Your Company, click Account and Settings.
  3. Select Expenses on the left panel.
  4. Click the Bills and expenses section to open it.
  5. Check the boxes for Make expenses and items billable and Track billable expenses and items as income.
  6. Click Save, and then Done.

Once the option is turned on, you can now create an expense:

  1. Click the Plus icon.
  2. Under Vendors, select Expense.
  3. Enter the customer's name on the Payee box.
  4. Complete the details of the transaction.
  5. Make sure to check the Billable column in the far right of the item/account.
  6. Click Save.

Lastly, pull up the Profit and Loss Detail report to get the net profit data.

 

Please leave a reply if you have more questions about this. Thanks.

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Re: How do I take an expense and apply it to a customer? This would be the only way to see a net profit report

@marissanldnr 

 

If you are using simple start as this thread says, you can not do what intuit suggests unless you move up to the plus version of QBO.  Simple start does not have that option