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Mark up on products

We are an auto restoration and fabrication shop. When dealing with retro parts we need a different mark up (percentage) than when dealing with every day parts. Is there a way to add a % mark up into my item for invoices so I don't have to do the math each time? 

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QuickBooks Team

Mark up on products

Hi there, @Mandalynn.

 

I'm glad you've visited the Community site. I can share some information about adding a % mark up into an item for invoices.

 

QuickBooks Online Plus has the feature to allow you to turn on the billable expense and can later be applied to an invoice. To begin, let's make sure to set up your mark up feature:

  1. Click the Gear icon.
  2. Choose Account and Settings.
  3. Select Expenses tab.
  4. Click on the pencil icon for Bills and expenses.
  5. Leave the default markup rate box as blank. This way, you can change the mark up percentage.
  6. Update other information if needed.
  7. Click on Save.
  8. Click Done.

 

Next, you can enter or record expenses as billable either by creating a Bill, Expense or Check. Make sure to enter all the necessary information and then click Save and close.

 

 

After that, we can now add the billable expense to an invoice.

  1. Click the Plus icon.
  2. Choose Invoice.
  3. Enter the customer name. All open billable expenses will populate on the right side of the screen.
  4. Select Add for the billable expense you like to include in the Invoice.
  5. Click Save.

 

For in-depth information, you can check this article: Enter billable expenses.

 

If you're using a lower version of QBO and wish to upgrade your subscription, you can visit this link: https://quickbooks.intuit.com/ph/pricing/.

 

That should point you to the right track. Don't hesitate to ping me if there's anything else you need. Have a good one.

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