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Billable Expenses

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I use QB Desktop. I want to bill a customer for a Utility expense, but only charge a percentage of the total. I've already entered the bill and marked it billable to this customer. I created the invoice and clicked on "Add Expense". I entered -10% as I want the customer to pay for 90% of the bill. However, I'm unsure of what Markup Account to use? Do I put it back to Utility Expense since I'm not profiting off of the transaction? Or do I actually need to create an income account?

Thank you!

QuickBooks Desktop

BigRedConsultingAnswer

Use the same account you're using when billing the gross amount.

Or, instead of letting QB charge the whole amount and then adding a discount after a subtotal, don't discount the amount in the Choose Billable Time and Costs window, but instead add the total amount to the invoice and then change it to 90% of that amount.

Either way, the net results on your P&L will be the same.

BigRedConsultingAnswer

Use the same account you're using when billing the gross amount.

Or, instead of letting QB charge the whole amount and then adding a discount after a subtotal, don't discount the amount in the Choose Billable Time and Costs window, but instead add the total amount to the invoice and then change it to 90% of that amount.

Either way, the net results on your P&L will be the same.

C

calivalleyAuthor

Thank you so very much!

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