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Apply a discount to a supplier bill

How can I add a discount to a suppliers bill for early order discount?

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Best answer 03-11-2019

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Highlighted
Level 1

Apply a discount to a supplier bill

I asked a question similar to yours and found the following answer. Hope it helps

______________

@ Jay
There two kinds of vendor discounts, sales and early payment
You do NOT enter a discount for a sales discount, you enter the actual amount paid
Early payment discounts, like when you get 2% off if paid in 10 days, are different. QBO makes this harder than it should be. An early payment discount is income to your business.
In pay bills, click on the bill to bring it up, on the next line select an income account (create one called early payment discount to make it self explanatory) in the account block, calculate and enter the calculated amount in the account block as a negative number, save.
then back in pay bills pay the bill.
As I said QBO makes this harder than it should be, and harder than it is in desktop


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Highlighted
Level 1

Apply a discount to a supplier bill

I asked a question similar to yours and found the following answer. Hope it helps

______________

@ Jay
There two kinds of vendor discounts, sales and early payment
You do NOT enter a discount for a sales discount, you enter the actual amount paid
Early payment discounts, like when you get 2% off if paid in 10 days, are different. QBO makes this harder than it should be. An early payment discount is income to your business.
In pay bills, click on the bill to bring it up, on the next line select an income account (create one called early payment discount to make it self explanatory) in the account block, calculate and enter the calculated amount in the account block as a negative number, save.
then back in pay bills pay the bill.
As I said QBO makes this harder than it should be, and harder than it is in desktop


View solution in original post

Highlighted
Level 1

Apply a discount to a supplier bill

Thank you for your answer!  This helps!!!
Highlighted
Level 1

Apply a discount to a supplier bill

What an omission - no simple settlement discount method - I have made a mistake using is system
Highlighted
Level 1

Apply a discount to a supplier bill

I have a client who purchases wholesale items for example for an invoice with 9 different items she sales retail her entire invoice totaled 301 for wholesale subtotal next line item is discount of $75.25, how would I apply this? Would I just divide the $75.25 by the 9 different items and change that price for the inventory? I am using inventory tracking and have the purchase rates already put in.
Highlighted
Level 1

Apply a discount to a supplier bill

Thank yoi for the tip!  You’re right QB makes it more difficult. I liked the way it’s handle on desktop version...