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How do I add markup to my cost of products on an estimate on the online version of QuickBooks? The desktop version had a column for mark up via % or amount.
I need to be able to enter different markups on each and every estimate as it changes with each project. If I have to hand calculate this, I might as well save my money and use Word to create estimates and invoices and excel to keep track of our small business!
The desktop version works perfect for us except we have two users and were using dropbox to synchronize between the computers.
Solved! Go to Solution.
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Hello smckay,
The markup feature in QuickBooks Online is used only with billable expenses on the vendor side. So when you have billable time or charges that you pass on to the customer - you're able to set a markup for when you invoice that customer.
Right now, there's no option to add a Markup column on estimates for QuickBooks Online. You may send a product suggestion through this link: http://feedback.qbo.intuit.com. This will make our product developer team aware of how you want the program to work. We'd really appreciate your suggestion since most of our features come from our customers.
Please let me know if there's anything else that you need help with.
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I just switched to QB online. I hate the no mark up feature! It really takes away from making estimates easier. I have to add 20% Manually to all my subcontractors! I might want to go back to quick books for contractors!
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Lea - I'm sorry but based on the amount of time this issue has been reported and the critical nature to YOUR CUSTOMERS, your answer is not the "Best Answer" - not even close. It's non-responsive at this point and clearly, NOT a priority for you guys. This is not rocket science to display a couple of extra columns that are being fetched already and then aggregate it on a field on the screen.
We're in limbo right now transitioning from QBD to QBO over this one, single issue. We can't complete the transition because of this as we use it extensively in QBD and have now gone into duplicate entry mode to keep the two systems in sync. You guys have us over a barrel here and truthfully, we're not amused. Let's offer our opinions on the "Service Aspect" here - F.
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Hello everyone.
I appreciate your time to share your feedback regarding the markup feature for estimates in QuickBooks Online.
I hear you all and realize the importance that this can have on your businesses and organizations. Sending your feedback online is a big help for us to determine the features that need to be added to our product. At this time, I'll do my part and raise this concern to our Developers so this will be taken care of.
Please know that the Community has your back should you have any questions.
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Betty - Sorry to be the hard-a$$ but this I can't explain strongly enough how vital this one little function is to the sales process for all of these people. It makes a HUGE difference to let us know whether our quotes (estimates) seem reasonable and appropriately profitable before finalizing them and submitting them to our customers. If you truly "have our backs," which I think we are all hoping on, can I ask you to report back , good, bad or indifferent, by Fri, 11/29, on what the response was from the Development group on this? Given the amount of time that has elapsed and the seemingly simple functionality that we're talking about, I think you'd agree that getting a response back from them in 2 weeks should be possible. Thanks so much for the consideration. DW
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@C R Schmall wrote:I just switched to QB online. I hate the no mark up feature! It really takes away from making estimates easier. I have to add 20% Manually to all my subcontractors! I might want to go back to quick books for contractors!
Have you tried the beta Price Rules feature?
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@ddubya wrote:
It makes a HUGE difference to let us know whether our quotes (estimates) seem reasonable and appropriately profitable before finalizing them and submitting them to our customers.
It seems to me that the mark up in QBD is based on the manually entered static cost which may or may not be right, not the dynamic average cost based on actual purchases. So it really has to be taken with a big pinch of salt
edit: I have since learned that the cost entered in the item set-up is in fact not static , that it is dynamic and updates to the cost in the last purchase