I am working on setting up inventory in our Quickbooks desktop (manuafacturing & wholesale). We manufacture and sell wholesale products. As I am setting the inventory parts and assemblies, I enter the cost for each "part" for the assembly item. I then enter the "sales price", which is retail. Each of our customer has a specifc "price level" discount off retail pricing.
When I go to create an estimate to email to my customer, the estimate shows the cost of the item along with a "markup" instead of their discount. It is showing the cost to manufacture with a percentage increase to get the customers cost (specific percentage off retail).
Example: Customer A is ordering Product A. Suggested retail for Product A is $575. Customer A's discount is 60% off retail pricing. Customer A's cost is $230. Quickbooks estimate is showing the cost to manfucure Product A is $75, with a 206.6% markup, to get the total $230.
I cannot figure out how to do the reverse of the above and dont understand why there is a "markup" instead of "discount" when this is a Manufacturing and Wholesale product. I dont want our customers to see an increase in pricing. I need it to show Retail price, their discount, and their cost on the product.
I have tried many ways to work around including turning on advanced inventory, but nothing I try seems to help. Any insite will be very helpful.
Thank you,
Cade