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SidMcGyver
August 20, 2019
Solved

Invoicing for a percentage of the bill

  • August 20, 2019
  • 1 reply
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I have a client that is an independent contractor.  He gets paid 60% of what he bills the homeowner.  Other than having to manually figure out what he should be billing, is there a way to have QB automatically figure 60% of the total as due or an automatic (no end date) 40% discount on every invoice?

 

Example:  Invoice #5237 was billed to a homeowner as $500.  He turns in the invoice to the main contractor and needs to bill the contractor for 60%.  Instead of manually figuring the total due to my client (the sub-contractor) as $300 then entering the invoice in QB, is there a way to get the 60% tallied automatically on every single invoice.

    Best answer by Mark_R

    I appreciate the example you've shared, @SidMcGyver.

     

    As of this time, we don't have an option to tally a percentage profit on every invoice automatically. 

     

    I know this option would be a great help for your client and other users so they can work seamlessly in QuickBooks Desktop. However, what we can consider right now is to manually enter the total amount due to the invoice. 

     

    But I want to let you know that your voice matters and I'm submitting your feedback directly to our engineers. For now, you can visit our blog site so you'll be able to get the latest news about QuickBooks and what our Product Care Team is working on. 

     

    Please feel free to post any questions you have below. The Community is always here to help out.

    1 reply

    M
    Mark_RAnswer
    August 21, 2019

    I appreciate the example you've shared, @SidMcGyver.

     

    As of this time, we don't have an option to tally a percentage profit on every invoice automatically. 

     

    I know this option would be a great help for your client and other users so they can work seamlessly in QuickBooks Desktop. However, what we can consider right now is to manually enter the total amount due to the invoice. 

     

    But I want to let you know that your voice matters and I'm submitting your feedback directly to our engineers. For now, you can visit our blog site so you'll be able to get the latest news about QuickBooks and what our Product Care Team is working on. 

     

    Please feel free to post any questions you have below. The Community is always here to help out.

      L
      LLP4
      October 20, 2023

      This used to be an option in QB. In the construction field this is an essential feature. Why does it keep going away? 

      R
      RoseJillB
      October 20, 2023

      Hi there, @LLP4.

       

      I understand how important this functionality is to your business. In this, I’ll guide you about invoicing a specific percentage of the total amount of the transactions in QuickBooks Desktop (QBDT).

        

      Before we start, make sure to create a backup of your company file to restore your data in case you run into problems. After backing up your company file, let’s go over your item setup to make changes and enable you to invoice an item with specific discounts.

       

      1. Go to the Lists menu and select Item List.
      2. Locate the items you used in the transaction to invoice the customer.
      3. Tap them twice to expand and make changes.
      4. Mark check that This service is used in assemblies or is performed by a subcontractor or partner.
      5. Click the Edit Markup button.
      6. From the Type of Markup dropdown, select Percent over Cost option.
      7. Enter the discount in the Markup Percent in negative (-).
      8. Click, OK. Then, OK.

       

      If we’re going to use the example given by the original poster. They’ve set 40% as a discount when invoicing to their customer. That said, you can set up every item you used with a specific percentage discount and enter this in negative under the Markup Percent field. 

       

      Once you create a bill, it will show the full cost of the item. At the time you invoice this to your customer, the discount percentage will automatically apply, and the transaction will display the discounted amount.

       

      When you use the same item for another customer who is not eligible for the discount, you can manually amend the amount upon creation.

       

      Keep me posted if you have more concerns about billable expenses. I’ll be right here to help in no time.

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