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July 14, 2020
Question

Receiving materials from a Customer to do a job.

  • July 14, 2020
  • 1 reply
  • 0 views

We are a customer plastics bag manufacturer. We receive materials from the customer and we'll convert them into bags or pouches. How can I use Quickbooks to track what I have received from the customer and when we produce the product, how can I track how much we have invoiced them. This way we can calculate the amount of wastage.

 

How should I go about this?

I could create a Vendor profile for my customer and enter in a bill each time I receive their materials as Inventory Item.

Then I will create an Inventory Assembly item when I invoice the customer?

1 reply

July 15, 2020

Hi there, 

 

I appreciate you reaching out to the Community. Making sure you're recording your transactions correctly is a great method for keeping your books accurate. I'd be glad to give you a hand by sharing more info on this. 

 

QB Online gives you the flexibility to choose any method you'd like to keep track of your invoices and amounts. Based on what you've described, I recommend exploring the Projects feature offered by QuickBooks. This feature allows you to quickly calculate your project income and costs. I encourage you to learn more about this using this link here: Track income, costs, and profitability by project.

 

Here are other helpful resources related to Projects:

 

In case you have other questions, feel free to contact our support team using this link here. Otherwise, feel free to leave a comment below. I'll be one message away