I bill my clients for their quickbooks subscriptions that are purchased by me. How do I set up these transactions in quickbooks?
Two ways. When you enter a Bill from Intuit to be paid break it down by subscription and using billable expenses, record each monthly charge as billable to each client . Create client invoices and select the billable charges for each. In this process you can mark it up for whatever you want to charge, less than retail. You have to set up your expense as a two sided service item so that when you pay Intuit it is below thd line expense and when it is billed and paid by client it is above the line income.
Or you just record your expense to Intuit and separately bill clients for an income stream
Hi there, @AngelBK.
Thank you for raising your concern about QuickBooks subscription fees. I'm here to guide you on how to record these transactions in QuickBooks Online (QBO).
To get started, you can enter an expense transaction for the subscription payment. Then, make the amounts billable to your clients.
To bill your clients for their QuickBooks subscriptions, follow these steps:
For additional tips about recording billable expenses in QBO, you can open this article: Enter billable expenses.
I also recommend checking out these links to learn more about managing a wholesale billing plan:
If you have other questions, please feel free to click the Reply button and add a comment below. I'll be right here to provide additional assistance. Wishing you and your business all the best!
QuickBooks Online makes it easy to help you track how much you make and spend on each product or service. For a more detailed guide in adding services and products to your account, see our add product and service items page.
Then, QBO also has the reports you need to view your sales and inventory status. Let me guide you through the process.
Feel free to get back here if you have further concerns about setting up product and service items in QBO. I'll be around to help you in any way I can. Have a good one.
You’re on the right track, @AngelBK.
When you’re ready to invoice your clients, the service item you’ve created will be included in the list of the Product/Service column.
To learn more about adding service items in QuickBooks Online, check out this article for additional details: Add product and service items to QuickBooks Online.
In case you need to change your product and service items, you can refer to this article that can walk you through the process: Change product and service item types in QuickBooks Online.
If you have any further concerns with QBO, you can always tag me in your reply. It’s my pleasure to help you. Keep safe.