I apologize for all the questions I am posting today, just trying to do everything the right way and the quickbooks help files only cover so much.
I resell a few services that I buy from other businesses to my
customers, among services I provide myself.
A simple example: I buy 50 Apples for $10.00. I resell that to a
customer for $20.00.
The $20.00 I get from the customer, goes to my Sales Income account.
The $10.00 I spend, goes to my services expenses account.
Now here is the tricky part I can't figure out, if I am selling
oranges and grapes that I own myself to my customers, among the apples
I buy from others to sell to my customers, how would I do that?
Right now, I am doing this:
- Invoice customer for Orange, Grapes, and Apples.
- Record cost of Apples as an ordinary business expense.
My problem is, I am trying to figure out how to show what the actual
profit for that invoice was in total. It doesn't show me that I spent
money on Apples for that invoice...
As confusing as this is, I hope someone understands my amateur
- posted 12 years ago