QuickBooks Cost Plus Billing: Automatic Markup of Items
QuickBooks can do Cost Plus OR Time and Materials billing, however, Markups can only be calculated on Expenses. See this question submitted by a reader and learn about ways that you can mark-up Items. In QuickBooks Premier for Contractors is there a way to apply automatic markup on a Item when creating a time and materials invoice? In Premier, from everything I've read, asked experts, and surfed the web; a vendor purchased item that is to be applied to a job should be regarded as a non-inventory item, and applied to a COGS account. In entering the vendor's bill the bill is recorded as an Item which then can be automatically linked to the customer on a time and cost invoice. Since the columns of the invoice can not…