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Frequent Explorer *

Split Item Income into two Income Accounts

Hello,

 

I'm trying to accomplish the following through this example:

Item A costs $475 for production and $25 for packaging = $500 total item's cost price.

I add profit of $175  on the production and $25 on the packaging =  $200 total profit.

Hence the item's sales price will be $700.

 

I pay the production vendor and packaging vendor separately, each bill goes into separate expense account (production expense and packaging expense).

I would like to invoice my customer one line as Item A = $700 only without  showing it split as Item A production = $650 ($475 cost +$175 profit) and Item A packaging =  $50 ($25 cost + $25 profit).

But in the same time I DO want to know by the end of  the month or year via P&L or another kind of reports how much I made profit from each phase separately, production and packaging. 

Is there a way  to associate an item with 2 income account? if not, is there a workaround to achieve what I am trying to accomplish without splitting the Item on the customer's invoice into two sub-items?

 

Thank you,

 

Solved
Best answer 12-30-2018

Accepted Solutions
Established Community Backer ***

Re: Split Item Income into two Income Accounts

not really

to do that you would have to sell the two items separately, sell the item, sell the processing, since you do not want to do that then all you could do is create a group item, list those two service items in the group, and set the group to not print all items.

the above is doable but will take some attention to detail on a daily basis depending on sales volumn

3 Comments
Established Community Backer ***

Re: Split Item Income into two Income Accounts

not really

to do that you would have to sell the two items separately, sell the item, sell the processing, since you do not want to do that then all you could do is create a group item, list those two service items in the group, and set the group to not print all items.

the above is doable but will take some attention to detail on a daily basis depending on sales volumn

Frequent Explorer *

Re: Split Item Income into two Income Accounts

Group item, what a brilliant workaround. It solved my problem and exactly achieved what I wanted.

Thank you very very much Rustler.

Frequent Explorer *

Re: Split Item Income into two Income Accounts

Group item, what a brilliant workaround. It solved my problem and exactly achieved what I wanted.

Thank you very very much Rustler.

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