You can apply a discount based on customer payment terms or any other concessions/deductions you make in the course of running the business. Note that you can enter any discount amount but it cannot be higher than the invoice amount.
- Select Discounts and Credits.
- (Optional) Change the amount of the discount.
- Enter the name of the expense account you use to track discounts. (Example: Discount Expense).
- Select Done to record the discount.