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Posted by Jimmy on November 25, 2006, 8:16 pm
Please log in for more thread options Problems solved...sort of. I created a new group called GRPItems which I can
add to the invoice and then add items to it with no problem. It does exaclty
what I wanted. I cannot, however, figure out how to add associated expeneses
to that group. I.E. if I selct time/costs on the invoice and apply certain
expenses to the invoice, they always show up as a seperate line item (I can
combine them all into a single entry). Is there a way around this? I tried
adding the reimbursed expenses group to the GRPItems but QB won't let me.
Jimmy
> Use groups. Problem solved.
>
> All the items inside a group can be hidden when the invoice prints. You
> put what you want on the last line as it is the only one that prints.
>
>
>
> Jimmy wrote:
>> Next year I am hoping to change the way I bill my customers. I run a
>> landscaping business where the majority of my income is from services
>> (labor) while a smaller portion if from products that I sell.
>>
>> Currently, I bill my customers for time and materials.
>>
>> When I purchase materials, I set up the item in my inventory where it is
>> assigned a cogs and income account and then I receive the item where I
>> can assign its cost. Then when I bill the customer, I list labor and then
>> each item that I used in the project which will then assign a sale price
>> to the item.
>>
>> With this method, when I run various reports (P&L for instance) I can see
>> under the appropriate cogs account, the amount that I purchased the
>> materials for and the amount it sold for under the appropriate income
>> account.
>>
>> Next year I want my bills to be much more condensed. I would like for
>> them to only see a total for the project or perhaps a total for labor and
>> a total for materials.
>>
>> My concerns/dilemma with this method is this...
>>
>> How will I be able to track cogs and income? I can obviously still
>> receive items like I am now, but I am unable to figure out an efficient
>> way to make the necessary income entries to account for the appropriate
>> markup on the items. I could conceivably make an inventory adjustment and
>> specify the appropriate income accounts but this does not allow me to
>> "sell" the item for more than I bought it for.
>>
>> I am sure that this question is somewhat vague and/or unclear and there
>> is a reason for this, I'm not really sure what I am asking. If someone
>> could possibly point me in the direction of some material that might help
>> me clarify what it is I am trying to accomplish or an explanation of some
>> other ways to use QuickBooks for billing I would be greatly appreciative.
>>
>> Jimmy
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