QuickBooks Online Contractors Mark Up Billable Expenses

[@worldwidequickbooks]

Hello to all my contractor friends using QuickBooks online! I will show you how to set up QuickBooks Online to automatically mark up any billable expenses you record that relate to a particular job that the client agreed to reimburse you for. The procedures are the same after you set this up in the account settings and company settings window. I thank you all and hope that you will click “like” and “subscribe.

[@Chooseyourariventure]

This was extremely helpful! Thank you so much.

[@worldwidequickbooks]

Thank you. If you like that I have another video with the full information all about billable costs and it's part of the contractor's course kzbin.info/www/bejne/jYK2hJ-ebsh_o6c The full contractor's course is here and either or both of these videos will help you kzbin.info/www/bejne/mYS5hZ-GbN96qdE I hope you will cook like after watching each In order two help support the free channel for everyone and please subscribe , and thank you for the nice compliment Mark

[@mdfaisal593]

He is the best in Any platefrom for QuickBooks online. If I talk about KZbin he the best ever. On udemy platefrom he is the best

[@worldwidequickbooks]

Thank you sir!

[@58059236]

Your video helps me again for my current job situation! Thanks for sharing!

[@worldwidequickbooks]

Thank you so much! I’m happy to help. I hope you will click “like” after the ones you watch and I hope you will subscribe. -Mark

[@58059236]

@@worldwidequickbooks Yes I did and you deserved.

[@worldwidequickbooks]

@@58059236 Thank you very much

[@stresslessmindz]

Thanks for this video. I now have some more knowledge on quickbooks to run my electrical business. Thanks Bro

[@worldwidequickbooks]

I'm really glad it helped you with my pleasure, I hope you will click like after watching each one in the series but contractors and I hope you will subscribe Please confirm that you have the link to the whole playlist for contractors so you can enjoy and learn all the rest Mark

[@tracyle1004]

I love all your videos very much. Can i create the invoices for multiple vendors from a billable expense (only 1 billable expense transaction)? Thank you

[@worldwidequickbooks]

Thank you and I'm glad you like the videos and that they're helping you.. When you pay for an expense that's billable in reimbursable,. That's the moment you put that specific expense on to an invoice.so that means you can only bill once for an expense that you recorded into quick. Books online more desktop.. You would not want to be able to make 2 transactions from one billable expense. Mark

[@maxittome]

This is exactly what I was looking for. I will be looking at this in greater detail when I am sitting at my computer setting up my first quick book invoice template. I plan on using the QB mobile app a lot but it's my understanding that once I set the template online it will be available in the mobile app ? Also for those times where a quote / estimate is given where an hourly rate is not applied and it defaults to the quote does QB recognize that and except the issued estimate as the invoice?

[@worldwidequickbooks]

The relevant videos in this contractor's playlist will show you what you are asking about Estimates and Invoices. Numbers 9 and 10 of the playlist will help you. kzbin.info/www/bejne/fqLKiYqVqsyKfNk I hope you will clcik "like" on the ones that help you and I hope you will subscribe

[@brianlee6428]

Hi. Need help. When i click on expenses the bill and expenses pops up, there is no sub titles to the right. The on thing there is how to set the bill payment terms. How do i fix this?

[@worldwidequickbooks]

Thank you This video should do it for you kzbin.info/www/bejne/eXnJlYZrZ5Zge5Y I hope you will click like after watching each of the videos you watch to help support the free channel for everyone and play please subscribe Mark

[@brianlee6428]

@worldwidequickbooks not sure how this helps. I want the mark up screen when u click in bills and expenses. How do set the mark up when it is no where to be seen. Wish I could send a pic.

[@brightdesk3804]

Do have QuickBooks video series for real estate. If not please create one. thanks

[@worldwidequickbooks]

Yes, that's my most popular one. QuickBooks for landlords: kzbin.info/www/bejne/b3-bkppneMp6rKs Set up for quickbooks for landlords: kzbin.info/www/bejne/qpvdc4eDoNuUrac Advanced quickbooks for landlords kzbin.info/www/bejne/e53RqKRrgregrdk Quickbooks online for landlords: kzbin.info/www/bejne/eWjSm36GjdqUfZY I hope you will clcik "like" after watching the ones that you neededd and I hope you will subscribe -Mark

[@brightdesk3804]

@@worldwidequickbooks i didn't ask for landlord

[@worldwidequickbooks]

That video series covers real estate and flipping houses check it out

[@trixdeed]

what version on QB in this? When I go to "bills and expenses" from your second example, I have none of those options to change. All I have is a line that says "default bill payment terms". Thank you

[@worldwidequickbooks]

You must have the plus version of QuickBooks online if you are contractor using contractor related features The first video in the contractors playlist does explain that you need at least the plus version or the advanced version to have those contractor features. You could get the whole playlist by looking closely in the description text field for the link to the entire QuickBooks Online contractors playlist or you can click on the top right corner of the video to get the direct KZbin links to the entire playlist. The full playlist will have at least more of what you need and might have everything Mark

[@mayal9454]

hiya, do you have a video on how to record tax deductible expenses on quickbooks?

[@worldwidequickbooks]

You record all expenses the same way and then your accountant decides what's deductable. -Mark

[@abdulrahmana5661]

very nice thanks, i just have a question with a case i have with a client. the project cost $100k, i charge customer $10k. he pays me $110k but not all of it is my taxable sales income. my taxable sales income is just that $10k. how to i record that $100k so that it doesn't appear as income? so that it doesnt have "sales tax" and doesnt show in my profit&loss statement. the customer deposits $100k to my account as a (trust) (not income) so that i can pay for his project's bills and expensess. my agreement with him is that he pays me $10k (this is my income) for overseeing the project, and paying & recording (with the trust $100k) all bills and expensses. but i dont want to record that $100k as income becouse if i do that than it must have sales tax.. but it isnt an income! how do i record this transactions without the $100k to be recorded as an "income" or revenue ? because i dont want to record sales tax for it since it is basicly money that the clint gave me as a trust. and my markup for it is just $10k fixed money + sales tax. thanks

[@worldwidequickbooks]

To much detail for a quick question. If you would like a consulting session, you can email to me. [e-mail]

[@angiewilliams1114]

Hello, Do you have a similar video for the Desktop version?

[@worldwidequickbooks]

Yes I do.............. kzbin.info/www/bejne/ZmqklZafjduta6s I hope you will click "like" and subscribe. -Mark

[@Dr.Dark78]

So when i go to new invoice, add the customer and correct date and then go over to the estimate and click "add" it says my total of all estimate lines equals $0 instead of the total of the actual estimates. Any Idea why?

[@worldwidequickbooks]

You're supposed to open the estimate first and from the estimate you open the invoice window you're not supposed to open the invoice window and try to open the new estimate that would make a blank new estimate So when it's time to make an invoice open the estimate that the invoice will be applied to and from the estimate window click invoice Please let me know if that work

[@Dr.Dark78]

@@worldwidequickbooks It worked, thanks again for your help!