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CaitPHG
CaitPHG
March 9, 2023
Question

QBO - Set up Billing Rates

  • March 9, 2023
  • 1 reply
  • 0 views

*I want to set up Billing Rates to ease the Invoicing process*

 

I write a SUB a check and Split it to the various Projects of the week. Some projects on the split are marked "Billable". When I create the Invoice and move the Billable items over; my question is:

 

- How do I set up the subs billing rate so that it is already calculated when I move it to the invoice? 

- Same question for other mark-ups. 

 

Once I have billing rates & mark-ups set up to auto calculate when I invoice:

- How do I set up a Discount line item to add to the end of some particular customer invoices?

-- Do I set up 1 Discount line item that I can adjust case by case, or

---Do I set up separate discount items per %, for example. 

(Discount 1 = 10%; Discount 2 = 20%; and so on....) 

 

THEN

 

Thank you, 

 

1 reply

G
GebelAlainaM
March 9, 2023

It's my pleasure to assist you with managing billing rates, markups, and discount concerns in QuickBooks Online (QBO), @CaitPHG.

 

In QBO, setting up billing rates and markups that will automatically calculate the amount is currently unavailable. You'll need to manually calculate it and then create service items once you have the amount of your billing rate and markups to move them to the invoice. 

 

On the other hand, you can set up a discount on an item or items using the Price rule feature. Let's start by turning on the Price rule feature from the Accounts and settings.

 

Here's how:

 

  1. Click on the Gear icon, then select  Account and Settings.
  2. In the Sales section, check the Turn on price rule box.
  3. Click on Save.

Then, set up a Price rule:

 

  1. Click on the Gear icon.
  2. Choose All List.
  3. Select Price Rules.
  4. Click on the New price rule.
  5. Enter all the needed information, especially the products and services you want to add a discount on.
  6. Choose the Decreased by from the Percentage box since it's a discount.
  7. You can also select a start and end date.
  8. Once done, click Apply the rule.

 

You may refer to this article for the detailed steps: Set price rules in QuickBooks Online.

 

I've also added this link for future help: Record invoice payments in QuickBooks Online.

 

Keep me posted if you need further assistance with the process above or have any concerns regarding QuickBooks. Take care!

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