How to Set Up Expenses in QuickBooks Online?
We are set up the Expenses in QuickBooks Online training course in this lesson. We are going to cover how to set up expenses in QuickBooks Online. One of the primary reasons why small businesses want to use QuickBooks is so that they can track their expenses. QuickBooks is designed to keep track of expenses from downloading your banking transactions to writing checks. You can customize how QuickBooks will track your expenses by selecting one or more of the following options:-
1:- Bill customer back for items that you purchased on their behalf.
2:- Creating the purchase order to send to your suppliers.
3:- Manage bills through Account payable.
4:- Track expenses by customer so that you can run profitability reports.
How Do I Set Up Expenses in QuickBooks Online:-
1:- Show items table on expense and purchase forms:- This feature adds a products table on expense and purchase forms so you can itemize products and services that you have purchased.
2:- Track expenses and items by customer:- This feature will add a Customer column on expense and purchase forms. If you purchase an item on behalf of a cuatomer and you want to link this item to that customer.
3:- Make expenses and items billable:- This feature will add a billable column on expense and purchase forms so you can add billable expenses and items on sale forms to charge customers for items purchased on their behalf
4:- Set up a default markup rate:- this feature is only available if you have turned on the make expenses and items billable feature. It allows you to set a default markup rate for items you plan to bill your customers for.
For more information about importing invoices into QuickBooks, dial QuickBooks Support Phone Number 1-855-441-4417. You can ask any query related to QuickBooks from well qualified and experienced accounting experts.