Bump...
Same problem, new angle. I set up a group called GRPSales. I can add this to the > Next year I am hoping to change the way I bill my customers. I run a
landscaping business where the majority of my income is from services
> (labor) while a smaller portion if from products that I sell.
> Currently, I bill my customers for time and materials.
> When I purchase materials, I set up the item in my inventory where it is
> assigned a cogs and income account and then I receive the item where I can
> assign its cost. Then when I bill the customer, I list labor and then each
> item that I used in the project which will then assign a sale price to the > item.
> With this method, when I run various reports (P&L for instance) I can see
> under the appropriate cogs account, the amount that I purchased the
> materials for and the amount it sold for under the appropriate income > account.
> Next year I want my bills to be much more condensed. I would like for them
> to only see a total for the project or perhaps a total for labor and a > total
> for materials.
> My concerns/dilemma with this method is this...
> How will I be able to track cogs and income? I can obviously still receive
> items like I am now, but I am unable to figure out an efficient way to > make
> the necessary income entries to account for the appropriate markup on the
> items. I could conceivably make an inventory adjustment and specify the
> appropriate income accounts but this does not allow me to "sell" the item
> for more than I bought it for.
> I am sure that this question is somewhat vague and/or unclear and there is > a
> reason for this, I'm not really sure what I am asking. If someone could
> possibly point me in the direction of some material that might help me
> clarify what it is I am trying to accomplish or an explanation of some > other
> ways to use QuickBooks for billing I would be greatly appreciative.
> Jimmy
> Use groups. Problem solved.
> All the items inside a group can be hidden when the invoice prints. You
> put what you want on the last line as it is the only one that prints.