Running Mac Yosemite 10.5.5. Manager v.16.11.44 desktop version.
Relatively new user of Manager, novice in accounting principles.
I have issued a grand total of seven invoices for consulting services. Woohoo! They consist primarily of a consulting fee and billable expenses. Some of the billable expenses are also expense claims that will be paid to me; others are paid by business credit card.
None of my invoices have markups or write downs on any of the billable expenses. Nonetheless, the summary is showing a balance in the “Billable expenses - markup” line. There are ten entries trackable to one invoice (all of the billable expenses on that invoice) and two entries from another invoice [on the second invoice there are six billable expenses, plus two billable expense credits for previous invoices (credits for invoices issued prior to using Manager, so the transactions being corrected are not in the system)].
It appears for the one invoice with the ten entries that the markup is being calculated at 1.8%.
I’ve searched the forum, read the guides, poked all over in the program and still I cannot figure out what is happening.
I need enlightenment. Thanks for any help offered.