Hi there, @LLP4.
I understand how important this functionality is to your business. In this, I’ll guide you about invoicing a specific percentage of the total amount of the transactions in QuickBooks Desktop (QBDT).
Before we start, make sure to create a backup of your company file to restore your data in case you run into problems. After backing up your company file, let’s go over your item setup to make changes and enable you to invoice an item with specific discounts.
- Go to the Lists menu and select Item List.
- Locate the items you used in the transaction to invoice the customer.
- Tap them twice to expand and make changes.
- Mark check that This service is used in assemblies or is performed by a subcontractor or partner.
- Click the Edit Markup button.
- From the Type of Markup dropdown, select Percent over Cost option.
- Enter the discount in the Markup Percent in negative (-).
- Click, OK. Then, OK.
If we’re going to use the example given by the original poster. They’ve set 40% as a discount when invoicing to their customer. That said, you can set up every item you used with a specific percentage discount and enter this in negative under the Markup Percent field.
Once you create a bill, it will show the full cost of the item. At the time you invoice this to your customer, the discount percentage will automatically apply, and the transaction will display the discounted amount.
When you use the same item for another customer who is not eligible for the discount, you can manually amend the amount upon creation.
Keep me posted if you have more concerns about billable expenses. I’ll be right here to help in no time.
