Good afternoon,

   I'm not sure how to enter customer job information for billing and reporting.   Here is the situation:

1.  We manufacture asphalt materials.

2.  We contracted with customer (CONTRACTOR); we are their Vendor in this case

3.  Job is a lump sum ($200,000), includes all labor and material) I am invoicing  Contractor for this amount.

4.  We subcontracted the the work to our vendor--will call our vendor VENDOR Co.

I've created a customer job for CONTRACTOR, named Contractor Job 1.

So, I need to set up a class, first of all.

The vendor is going to bill us for $50,000.00, as agreed.

The materials used are already in our COGS. 

I'm invoicing CONTRACTOR-Job 1 for the lump sum of $200K.

I'm getting a vendor bill for $50K that I need to pay..

The materials that the vendor picked up from us (but reminder:  already included in the Contractor's lump sum amount).

I need to account for the materials (tonnage) without it doubling what we already have in COGS.

Also need to input the additonal G/L insurance cost required of us.

What I am trying to do is enter information so that I can run reports to see the cost of the job and the profit (or loss) we incurred. 

Do I set up an offset account? 

All  new to me.

Please help.

Thank you,

QBDT Premier 2019