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Billable Expenses - Ability to add margin/mark-up

Ability to add a mark-up in the billable expense.

Purpose: Because some clients will ask additional expenses to users’, this will help them easily add mark-up price in their expenses.

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AdminXero Team (Admin, Xero) shared this idea  ·   ·  Report…  ·  Admin →
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submitted  ·  AdminKelly Munro (Community Manager, Xero) responded  · 

Hi team, appreciate your interest of this idea. While we don't have direct development for this planned right now we wanted to share a workaround that may help you here. 

When adding the billable expenses to an invoice, you can override the unit price. Using Xero's inbuilt calculator, you include margin/mark-up by multiplying the unit price by the percentage you wish to mark up. 

We understand this doesn't cover all situations of needs expressed. We will continue to monitor this idea and share if there's any progress. 

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  • Marisa Damiano commented  ·   ·  Report

    This feature would be beneficial to so many companies, especially construction. I thought Xero was already onto this given the fact you can add the sell price in the same window, but apparently not.
    We have employees and subbies that fill out dockets each day they are on site. To have a capability (like in MYOB AccountRight) where you can enter the dockets into bills and assign them as a billable expense, add them to an invoice to the client with the sale price already there, specific to that job/contractor would be extremely beneficial!

    I read below that Quickbooks already has something like this so I may have to move our data over there if Xero cannot offer something better than what they have, asap. This is super essential to our business and I'm sure a lot more like it. Please get onto it Xero.

  • Sebastien Thomas commented  ·   ·  Report

    The ability to mark-up materials or other expenses incurred that would typically be passed on to the client I.E. building materials purchased for building work and cost passed on to customer with 10% increase to cover costs plus a margin of profit. Like the discount % box but reversed.

  • Katherine Broad commented  ·   ·  Report

    This would be very helpful and actually quite a basic feature that many other softwares offer.

  • Jesse Cooper commented  ·   ·  Report

    This feature is needed because oftentimes, a billable expense is a product that is purchased for a customer and is sold with a markup.

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