cancel
Showing results for 
Search instead for 
Did you mean: 
DesertBooks
Level 1

How do I record a book sale so that the taxes and shipping fee is properly recorded

We are a small publishing company and have opened an online store. I'm struggling with how to record a book sale so that the income and expenses related to a book title are properly recorded for that title.

 

Here's an example:

  • A book title selling price is $10.00
  • Our printing expense for that book title is $2.00
  • We offer free shipping and the expense for the shipping is $1.00
  • Our net profit for the book is $7.00


I have set up each title as a project and that has been a great way to look at the initial expenses for the title. I would like to continue to track this way each time we direct sell a copy of the title so just by looking at the project/title we can tell the profitability of a given title..

Solved
Best answer November 14, 2019

Best Answers
ChristieAnn
QuickBooks Team

How do I record a book sale so that the taxes and shipping fee is properly recorded

Hi there, DesertBooks.

 

I just wanted to let you know that my colleague responded to your other post. In order to keep the conversation streamlined and provide you with the best resolution, I'll ask that you post any follow-ups there.

 

 

Just in case you haven't been notified of the new response, here's the link: https://quickbooks.intuit.com/learn-support/en-us/do-more-with-quickbooks/how-do-i-record-a-book-sal...

 

 

Please know that you're always welcome to post if you have any other concerns.

View solution in original post

1 Comment
ChristieAnn
QuickBooks Team

How do I record a book sale so that the taxes and shipping fee is properly recorded

Hi there, DesertBooks.

 

I just wanted to let you know that my colleague responded to your other post. In order to keep the conversation streamlined and provide you with the best resolution, I'll ask that you post any follow-ups there.

 

 

Just in case you haven't been notified of the new response, here's the link: https://quickbooks.intuit.com/learn-support/en-us/do-more-with-quickbooks/how-do-i-record-a-book-sal...

 

 

Please know that you're always welcome to post if you have any other concerns.

View solution in original post

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up