markup on billable expenses

Hi there, 

I appreciate you posting in the Community. I'll be happy to share more info about billable expenses.

I want to make sure I'm on the same page as you. How are you adding/entering the mark-up to the billable expenses? For reference, here are the steps to entering billable expenses:

1.     Create an expense transaction on the Bill, Expense, or Cheque 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.
4.     If the cost is less than the total amount of the transaction, enter a separate Detail line for each amount.
5.     Enter a Description of the items.
6.     Note: This description will appear on the customer's invoice.
7.     Select the customer to be billed for the item or expense from the Customer drop-down.
8.     Select the Billable checkbox.
9.     Enter a Markup percentage.
10.     If you need to charge tax for the item or service, select the Tax checkbox.
11.     Note: The Tax column becomes available if the Billable and Tax features are turned on.
12.     Save the transaction.
     

For more info, check out this helpful article which has more info on billable expenses. Let me know if you've got questions. 

How do I do this in the desktop version?

When I add an item to an invoice, it is calculating the markup after tax, instead of before..

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@JamesM wrote:

Hi there, 

 

I appreciate you posting in the Community. I'll be happy to share more info about billable expenses.

 

I want to make sure I'm on the same page as you. How are you adding/entering the mark-up to the billable expenses? For reference, here are the steps to entering billable expenses:

 

1.     Create an expense transaction on the Bill, Expense, or Cheque 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.
4.     If the cost is less than the total amount of the transaction, enter a separate Detail line for each amount.
5.     Enter a Description of the items.
6.     Note: This description will appear on the customer's invoice.
7.     Select the customer to be billed for the item or expense from the Customer drop-down.
8.     Select the Billable checkbox.
9.     Enter a Markup percentage.
10.     If you need to charge tax for the item or service, select the Tax checkbox.
11.     Note: The Tax column becomes available if the Billable and Tax features are turned on.
12.     Save the transaction.
     

 

For more info, check out this helpful article which has more info on billable expenses. Let me know if you've got questions. 

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Hey TraciMacizzle, 

Here are steps for Desktop: 

        1. On the Home page, select Enter Bills.
        2. Select the supplier.
        3. Choose the date.
        Note: Bill Due date is automatically populated based on your Bill preference (Edit > Preference > Bills > Company Preferences).
        4. Select the appropriate tab.
            Expense: if you are recording a bill for expenses incurred by the business (ex. Utilities, Rent, and phone/cable service).
            Items: if you are entering a bill for anything that your company buys, sells, or resells in the course of business such as products, shipping and handling charges,     discounts, and sales tax (if applicable).
        5. Choose the expense account or the item.
        6. Enter the amount.
        7. If you are tracking billable expenses, select the customer job and put a check mark in the Billable column.
        8. Click Save & Close.

For more info, check out this article. Otherwise, let me know how you make out with the steps above. 

Did you ever receive a response on this.  I have the same issue.  

Hi kooler. I appreciate you contributing to this post. I'll be happy to help you from here. To get started, could you elaborate more on what you'd like to accomplish using the program? 

Hi kooler,

We discovered that QBO's treatment, i.e., marking up the PST as part of the cost of the item, was correct because PST is a tax that is not recovered through ITCs.  Hope this helps.