I have read some of the answers to this but it is still not clear on how to record using QBO Essentials.
I bill the client for software with a slight mark-up. What account do I use for that?
Then I need to pay the vendor for the software. How should that be recorded?
The difference between what I bill the client and what I pay the vendor is my commission.
I have created a "Billable Expense Income" account, but don't know how to use it.
Also, I have created a "product/service" account which also links to the "Billable Expense Income" account.
Now I need the step-by-step instructions on how to record this whole scenario.
Please help!
