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Experienced Member

Should the full amount of a job I contracted out show as income on my P&L or just my profit?

If I accept a job from one of my customers and contract it out, I create an invoice for my customer for the full amount of the job (including my fee).  Is this the correct way to do this, because the full amount shows on my P&L as income but the amount paid to my vendor is deducted from my vendor payments.  Does this basically offset the income in the end?    Or what is the correct way to do it?

1 Comment
QuickBooks Team

Re: Should the full amount of a job I contracted out show as income on my P&L or just my profit?

You're doing it the correct way, pinpro.

 

You can then bill the customer for the item or expense use on a job.

 

To enter a billable expense:

  1. Create an expense transaction on the Bill, Expense, or Check window.
  2. In the Account or Product/Service field, choose the expense account or product/service for the item or service you purchased for the customer.
  3. Enter the cost of the items in the Amount field. Enter a Description of the items.
  4. Select the customer to be billed for the item or expense from the Customer drop-down.
  5. Select the Billable checkbox.
  6. Click Save.

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