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jameslridenour2
Level 1

I want to create early pay discount terms. I see instructions that say there's a click box. I don't see the box. Now I need to delete or modify a term. How do I do that?

I'm using QBO
When I create a new term don't see the "apply discount if paid early" option. I tried to create a 1%10 Net 30 term. Now I have a Net 30 term named "1%10 Net 30" How do I modify that to apply an early pay discount or delete that option from my drop down list if it can't be changed?
3 Comments 3
Alessandra_B
QuickBooks Team

I want to create early pay discount terms. I see instructions that say there's a click box. I don't see the box. Now I need to delete or modify a term. How do I do that?

Thank you for posting here in the Community, @jameslridenour2.

 

You can create an early pay discount for your invoices by adding terms. Let me share some details and guide you in this.

 

Creating terms lets you know when the due date of your invoices are. You can create a new term to signify the discount you want to apply to the invoice.

 

However, at this moment, you’ll still need to edit the invoice to apply the discount manually. The automatic calculation of discount in the invoice terms are still in the process to be released.

 

Let me show you in creating a new term with a discount.

  1. Click on the Gear icon, choose All Lists.
  2. Select Terms.
  3. Click on New.
  4. Tick the Apply discount if paid early checkbox.
  5. Enter the percentage and the days.
  6. Click on Save.

Once you’ve created the term, you can apply it on the invoice. If your customer has paid it early, you can then edit the invoice to apply the discount. Here’s how:

  1. Open the invoice.
  2. On the Discount percent box, enter the discount percentage.
  3. Click on Save and close.

I’ve provided a screenshot below for your visual reference.

 

 

Please let me know if you have any other concerns. I’ll be happy to help you. 

52Roadster
Level 1

I want to create early pay discount terms. I see instructions that say there's a click box. I don't see the box. Now I need to delete or modify a term. How do I do that?

The "Apply discount if paid early" checkbox does not show on screen, so there's nothing to check.

Mark_R
QuickBooks Team

I want to create early pay discount terms. I see instructions that say there's a click box. I don't see the box. Now I need to delete or modify a term. How do I do that?

Thanks for joining the thread, @52Roadster.

 

As of this time, the Apply discount if paid early is no longer an option in QuickBooks Online. As an alternative, you can utilize the Discount percent option from the invoice to manually enter the discount percentage. Let me guide you how.

 

First off, let's turn on the Discount feature from the Account and Settings page. Here's how:

 

  1. Click the Gear icon.
  2. Select Account and Settings.
  3. From the left menu, select Sales.
  4. In the Sales from content section, click the pencil icon to edit.
  5. Put a checkmark in the Discount checkbox.
  6. Click Save, then Done.

Once done, you can follow the steps provided by my colleague above on how to apply the discount.

 

In case you want to send an invoice in the future, you can check out this article for your reference: Send an Invoice.

 

Just hit the Reply button below if you have additional questions. I'll be right here to help.

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