cancel
Showing results for 
Search instead for 
Did you mean: 
LWAY1
Level 3

Entering cost prices & sales prices on an invoice

Hello,

 

Our flooring company enters each job as an invoice in QBO.  Each invoice has both labor (services) & products (all the various elements needed to complete a flooring installation).  Obviously to our customer we just want to show them the sales prices for each line item.  However, to make my life ***drastically*** easier I would like to see the cost prices for each line item when I open the invoices.  Because not only do I have to separate out the labor items to pay our contractors but I also have to keep a google sheet tracking profit by separating the labor costs & material costs for every single job we do.  So currently I am literally writing everything out & constantly going back & forth finding costs on invoices from buying materials & getting service costs from a company spreadsheet.  Any input would be greatly appreciated!  (Since majority of jobs are one offs we do not carry a lot of inventory & materials are purchased as needed.  Also, we do not want to double charge COGS.)

1 Comment 1
Rustler
Level 15

Entering cost prices & sales prices on an invoice

Assuming you have QBO+

 

when you enter the purchase for materials, mark it billable and select the customer name

then when you invoice that cost will come to the invoice

rather than mark up materials, mark up the labor and the customer will think he is getting a deal on the materials

Need to get in touch?

Contact us