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It also compares it to actual once the job is in progress.
2 years ago I switched to QB desktop, and now I have switched back to QBO because it is actually working better.
That is good news! I will look at this now! Thanks so much for the info!!
So just to be clear, the markup is across the estimate, for the advanced version?
Theres no way to add a simple cost/markup item to invoices without showing the markup to client?
Case in point: I work with difference contractors shooting videos every day. This contractor might charge me $1000. (Another might charge me $800). I want to add the $1000 to an estimate with a 20% markup. The only way I see to do that is manually put in the price as 1000*1.2 for each item.
Maybe I've missed something, but I can tell you I'm not paying $2000/yr for software just to do markups when I get ads flashed at me all the time not stop for services I keep declining. I'm over QBO and their lack of simple support in favor of only developing options that can increase your price. This is the first issue i've seen any improvement on in the 5+ years I've had QBO, and of course its more than double the cost of the already top-tiered priced software I pay for.
Ya I keep going back and forth about doing this. Like I said I have used Desktop almost since its inception, but never could bite the bullet on QBO. Its just not as advanced. I need an apples to apples program to even want to consider switching. And my husband will REALLY not be happy if it doesn't do the same things.
I appreciate the honesty! Thanks!!
I see a flurry of responses today. What I still don't see is a MARKUP COLUMN for Estimates just like the desktop version. So Intuit. Here's what you really need to do. Just say this: "Look. We really don't give a flying f*** about contractors or anyone else who uses a markup and does not want it printed on estimates or invoices. All of you can just f*** right off. We will never get around to adding this feature because we just can't be bothered with your needs. Now just pay your subscription and just shut up already. We love your money. You. Not so much".
That would be a much more honest answer than "We are working on it" or "Markups are only for billable expenses"
Did you see this video?
Yes, and I’ve been a customer for more than 5 years. I’m not paying $2000/yr to be able to markup costs. That’s stupid as hell on an accounting software.
They intentionally left essential features that were requested by hundreds of users and rolled it into a tier more than twice as expensive as a money grab.
QBO can kick sand.
It looks like you can markup your actual costs using the plus version:
I used to base my income on estimated costs like you're trying to do, and I can almost guarantee that you will make more money if you base your income on marking up the actual cost. Think about using cost-plus accounting instead of "I hope I make money on this" accounting.
Has this been updated to QBO yet? Thank you.
Good day, @blairkweskindesign.
I recognize you want to know when the exact time to add a markup on the estimate feature will be available in the QuickBooks Online. I'm here to shed some light on this topic.
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So what you are saying is that an enhancement that USERS (!), as in CUSTOMERS (!), have requested since the inception of QBO, will continue to go unprioritized and unattened. It amazes me how companies like Intuit continue to make profit despite themselves. Netsuite is looming in the very near future...Your last 10% license fee increase announcement is probably the last straw for my company.
Yay! you added a markup column to ESTIMATES. Which, by the way are useless in the construction industry. Unless you're like a one person handyman service. What if I need to bill a client for additional work performed and material purchased? Then I need to go to the step of creating an estimate and then creating an invoice from that? Just silly. Here's an idea. ADD A MARKUP COLUMN TO THE INVOICING! Just like everyone and been screaming for. Just like the desktop version. Why this is so difficult?
Eric, where is such a column? I don't see such an animal...is some hidden flag to set?
I’m with you there, I won’t be able to use my $300.00 Program,” That I own”. Instead pay $200 / Month and stil do spread sheets to get where I was. Not to mention if I want to get back where I was pay more& how about some add one .
Where is the commerce &;consumer affairs when things aren’t right?
There was a reply to one of my comments a while ago from Intuit. I haven't used it personally because I find the estimates in QBO to be useless but they tagged this video https://youtu.be/Q3f2sym5eK8
Thanks Eric. Aaaah, QBO Advanced. I'm certainly not going to double my monthly cost for product features that are haphazard and useless to me. It is obvious Intuit bought some off the shelf accounting system in India, slapped their label on it, and reduced their maintenance and enhancement obligations. In doing so they have also outsourced all obligations to customers' satisfaction into some call centre in Islamabad.
Oh. I agree. I'm also very sure they have a whole bunch of tech nerds working in some little box somewhere that have absolutely zero knowledge of how a business works.
The markup to be added to invoices is added to the expense form. When you make the expense, pay your sub, and add the markup on the expense page. Then you create an invoice, and the expense(with the markup) is shown on a menu on the right-hand side of the screen, and then you just click "add". Then you track your employee's time in QuickBooks time, which is billable, and can be added to invoices the same way. I rarely type something directly into an invoice. Also, invoices in QBD do not have a markup column either.
Good Day,
It is now April 2023 - and this 'escalation' has not yet been addressed. Our business just migrated, not knowing that it would not longer be an option for our business to create customer estimates with markup costs. This is a show stopper for our business and we do not have unusual retail business practices compared to others.
The system obviously has the programing to accomplish this as there is a markup option when creating invoices.
Item markup in both estimates and invoices is essential to our business. Coming from QB desktop and seeing this has been a requested option for a few years without resolution, will be a driving factor in us exploring other accounting software.
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