Billable Expenses

calivalley · ‎December 21, 2021

I use QB Desktop. I want to bill a customer for a Utility expense, but only charge a percentage of the total. I've already entered the bill and marked it billable to this customer. I created the invoice and clicked on "Add Expense". I entered -10% as I want the customer to pay for 90% of the bill. However, I'm unsure of what Markup Account to use? Do I put it back to Utility Expense since I'm not profiting off of the transaction? Or do I actually need to create an income account?

Thank you!

BigRedConsulting · ‎December 23, 2021

Use the same account you're using when billing the gross amount.

Or, instead of letting QB charge the whole amount and then adding a discount after a subtotal, don't discount the amount in the Choose Billable Time and Costs window, but instead add the total amount to the invoice and then change it to 90% of that amount.

Either way, the net results on your P&L will be the same.

View solution in original post

BigRedConsulting · ‎December 23, 2021

Use the same account you're using when billing the gross amount.

Or, instead of letting QB charge the whole amount and then adding a discount after a subtotal, don't discount the amount in the Choose Billable Time and Costs window, but instead add the total amount to the invoice and then change it to 90% of that amount.

Either way, the net results on your P&L will be the same.

calivalley · ‎December 24, 2021

Thank you so very much!

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