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Define account associated with Customer discounts and credits - QB Premier 2019

QB Premier 2019 - When I receive a customer payment via wire transfer, I have to apply a discount amount of $17.50 which is the fee charged by the bank for the wire received.

QUESTION: How do I change the account that the "apply discounts" is associated with in the Customer Receive Payments screen.

 

This is different than discounts which are stated on the invoice, or credit memos which are separate items.  This pertains to the receipt of payment for Customer invoices.

Thank you.

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QuickBooks Team

Re: Define account associated with Customer discounts and credits - QB Premier 2019

I can help you with this, CGAccounting.

 

You can create a new account in the Chart of Accounts. Then, choose that account when you apply the discount.

Here’s how:

  1. Click Lists, and then Chart of Accounts (or CTRL+A).
  2. Click the Account drop-down below. Then, click New.
  3. Choose the correct account type, then click Continue.
  4. Click Save & Close.

To apply the discount:

  1. In the Customer Payment screen, click Discounts And Credits.
  2. In the Discount tab, click the Discount Account drop-down and choose the account created.
  3. Click Done.

You might want to check out this article for your reference: Record a credit memo or refund in QuickBooks Desktop.

Let me know if there's anything else you need.