I have incurred an expense on behalf of my customer and later billed the expense by marking up the values to a certain percentage. How can I find out the profit incurred from these billable expenses?
The gross profit incurred for these transactions can be found using the Billable Expense Details report. To view the report:
- Go to the Reports module and click Purchases and Expenses under the Report Category.
- Choose Billable Expense Details.
- On this page, you can check the Gross Profit (%) column to know the profit incurred on the billable expenses.