Accounting for "Cost_plus"

1

I’m new to the software, moving from excel based accounting, and want to use it for Cost_plus for architecture company

Example:
Decoration service for Customer XYZ
Decoration cost = 100
% of cost plus = 15%
Revenue = 15

For above information, I want income statement to show revenue of 15
However, invoice billed to customer would total 115 (100 + 15)

Any advice on the proper way to do it in Manager.

2

You need to check with your accountant if this is the correct accounting treatment - especially if you are VAT registered

Manager has a billable expenses which would do this

3

That would violate fundamental principles of accounting.

4

Income $115
Expenses $100
Net income $115 - $100 = $15

to get that you need to enter full income and expenses
or if you just get paid the $15 commission (and your bank account does not see the other) , you need to just enter the $15 commision

5

Irrespective of the reasons why you would practice Cos-plus accounting (see advantages and disadvantages at Cost plus pricing definition — AccountingTools) Manager does not have equivalent calculation functions of excel in terms of entering a % cost plus.

Also as @Tut says you violate fundamental principles of accounting and most likely illegal under-representing your revenue to your tax authorities when you claim a revenue of only 15 while it should be 115.

Your Revenue/Income is actually for business and tax purposes 115 because that is what the customer pays, see for definition revenue What is revenue? | AccountingCoach. Your direct costs are 100 which results in a gross margin (sometimes called gross profit) of 15. Other expenses such as electricity and labour are subtracted from this gross margin/profit to arrive at a net profit/loss for the business. @Patch explained that you need to enter Income and Expenses (Expenses actually are Direct Costs & Other Expenses) in Manager.