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m-rishal-d-hg-co
Level 1

Is there any way to convert my Purchases to Sales directly?

Is there any way to convert my Purchases to Sales directly?
1 Comment 1
VoltF
QuickBooks Team

Is there any way to convert my Purchases to Sales directly?

Hi there! We appreciate the time and effort you've put into reaching out to the Community.

 

I see that you're looking for guidance with converting a purchase order into a sale in QuickBooks Online. Currently, QuickBooks does not have a direct feature for this. However, as an alternative, we can manually record the transaction as a billable expense. To do this, we should first turn on billable expense tracking by following these steps:

 

  1. Go to Settings ⚙, then choose Account and settings.
  2. Select the Expenses tab.
  3. From the Bills and Expenses section, click Edit ✎.
  4. Turn on the following:
    • Show Items table on expense and purchase forms
    • Track expenses and items by customer.
    • Make expenses and items billable.
  5. (Optional) Set up the following:
    • Markup rate
    • Billable expense tracking
    • Sales tax charge
  6. Bill payment terms.
  7. Hit Save.

 

Once done, manually enter a billable expense. Here’s how to bill a customer for an expense:

 

  1. Click + New and choose the transaction (Bill, Expense, or Check) you want to create.
  2. Select the payee.
  3. In the Category column, select the expense account for the transaction.
  4. Enter the description and amount of the expense, then tick the Billable checkbox.
  5. In the Customer column, choose the customer you want to bill for this expense.
  6. (Optional) Enter or make sure the markup % is correct, then select the Tax checkbox or choose a tax agency if you want to charge tax.
  7. Select Save and close.

 

Lastly, add billable expenses to your invoices. For a more detailed guide on how to record billable expenses, please refer to this article: Enter billable expenses in QuickBooks Online.

 

Furthermore, to understand how to generate purchase order reports, you can check out this article: How to generate purchase order reports.

 

If you have any further questions or encounter challenges about recording transactions in QuickBooks Online, please feel free to reach out. I'm here to help. Have a productive day!