GEM-CAR FAQ
How Can I Create a Warranty Invoice without Affecting Sales Margin Reports
The simplest method that won't distort your profit margin result is to:
- Issue a $0 invoice to your customer,
- Make a second invoice to your supplier in receivable,
Customer invoice:
- Make the following invoice at $0:
-
- JR Replace Alternator 1 hour, with a selling price of $70/hr,
- JR Replace Alternator Warranty -1 hour with, selling at $70/hr,
- AL Alternator with a quantity of 1, costing $70 and selling for $155,
- AL Alternator Warranty with a quantity of -1, one costing $70 and one selling for $155,
Supplier invoice :
- JR Replace Alternator 1 hour, with a selling at $70/hr (Depending on whether the supplier pays your labor),
- AL Alternator with a quantity of 1, costing $70 and selling for $70,
NOTE: If you put a costing at $70 and a selling at 0% to make a warranty invoice, you'll lower your average considerably.
Posted 4 months agoby Olivier Brunel
#46481 viewsEdited 2 months ago