Tracking Cost Price and Retail Price in QuickBooks Essentials
Items that I buy an Sell from vendors. And I don’t need to track Quantity. How do I Tracked my cost price and Retail price with QuickBooks Essentials. For example: I buy for my vendor at $30.00, and I sell them at $90.00. How do i input this cost price in QB Essentials?
In order to track the cost of items that you purchase and resell to customers, you need to set the item up on the products and services list. The item you will set up will be called a Non-inventory part and there will be a field for Cost and one for Sales price. We have a step by step video tutorial that will walk you through how to do this, I have included the link below:
Crystalynn Shelton, CPA
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.