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Default markup percentage

QuickBooks uses this percentage to calculate the sales price of items that have both a cost and a sales price.

You'll see the effect of the default markup percentage when you create inventory part, inventory assembly, non-inventory part, service, and other charge items. When you enter the item's cost, QuickBooks calculates the sales price and enters it in the Sales Price field. For example, entering a cost of $10.00 when the markup is 25% causes QuickBooks to fill in the sales price as $12.50. If you don't want to use the default markup for an item, change the sales price that QuickBooks fills in.

Where to find this preference:

Open the time and expenses preferences.

  1. Go to the Edit menu and click Preferences.

  2. In the Preferences window, click Time & Expenses in the list on the left.

  3. Click the Company Preferences tab.

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