Markup Functionality in QBO/Mobile App [DTM feature]
Make the "Markup" column available to online QuickBooks services for Billable Expense flow!
The desktop version had a very useful tool with the "markup" column, allowing businesses, that use parts as well as labor services, to add a percentage to the store's cost of parts without needing to grab a calculator and figure it out each time. This service is not available on the online version of QuickBooks.
Please bring this feature to the online services!
Betty Ross commented
A Mark up column is crucial to my quoting process. Different categories of customers get a different mark up from my price list. This version is causing me to have MULTIPLE price lists. Horribly time consuming not to mention risky. When will this FIX be added? I was told the online version was similar to desktop. This is deal breaker!
Paul Bryson commented
A fundamental invoicing and quoting capability is NOT present in an "accounting package"!!!
How is that even possible ??
One HAS to be able to adjust markup per item in a quote and in an invoice.
I can only assume this was left off in error , so PLEASE get this added ASAP it is not possible to advertise QBO as an accounting package without the absolute bare minimum accounting capabilities.
I wish I had noticed this when I evaluated a number of accounting packages and the chose QB. I DEFINITELY would not have chosen QB had I seen this, but I guess I never looked for this, because like buying a car I never look to see if it has a fuel tank, I just assume it does.
A markup column is needed in QBO. It allows businesses to add a variable profit to non-inventory materials. Even if it was a fixed amount, QBO requires that I go into every product and add the markup as a sales price on top of cost (outrageous amount of setup time), and even then there's no way to see, when creating an estimate, what the profit will be on materials. I just spoke with a rep who said I could upgrade to Plus membership to track project profits - I assume this means the difference between cost and sales price. That membership/plan is not a reasonable expense for a small business with no payroll or inventory tracking. Being able to track job profit is an enormous part of any business' books, large or small, so this is a big problem for QBO. Deal-breaker, actually. No doubt many small businesses return to Desktop after learning this.
Since Invoices are created from Estimates, and clients don't like seeing their bill be more than they expected based on their estimate, having the ability to add a markup to products and services on the estimate would make the transition to an invoice more seamless. It would also match the bills you create with markup already in them.
agree this is needed
Chris Griffin commented
It would be great if we could add a markup percentage or value when creating billable expenses in the mobile app.