Quickbooks Setup for Manufacturing
Budget: $250 – $750 USD
I have a new company and I need to set up QuickBooks or Xero for my manufacturing products. Each sub-products have different costs associated with them and the portions of these sub-products + labor + shipping is what create my final product to sell.
Then we ship it to our manufacturer to package the finished/assembled product and we want to be able to factor in the shipping and labor cost associated with manufacturing these products in QBO so that I know exactly how much profit was made on each PO.
the small costs in manufacturing are what I am trying to make sure we don't forget to factor in as that can make a very big difference. I need to be able to gather my profit from each PO after my costs are factored in.
subproduct a
+subproduct b
+subproduct c
+shipping
+labor
= assembly product to sell
this is what I wanted to but my problem is that shipping costs change often so I would have to change the product assembly which is not feasible.
How would you recommend starting my QBO so that I don't miss any of these costs? Can we do this with QBO? Is Xero better? Can you help me set this up and show me how this will work?
Then we ship it to our manufacturer to package the finished/assembled product and we want to be able to factor in the shipping and labor cost associated with manufacturing these products in QBO so that I know exactly how much profit was made on each PO.
the small costs in manufacturing are what I am trying to make sure we don't forget to factor in as that can make a very big difference. I need to be able to gather my profit from each PO after my costs are factored in.
subproduct a
+subproduct b
+subproduct c
+shipping
+labor
= assembly product to sell
this is what I wanted to but my problem is that shipping costs change often so I would have to change the product assembly which is not feasible.
How would you recommend starting my QBO so that I don't miss any of these costs? Can we do this with QBO? Is Xero better? Can you help me set this up and show me how this will work?