Hello there, @AC Teacher.
If you're referring to customer discounts, use the Discount feature.
Here's how to turn it on:
- Go to the Gear icon.
- Under Your Company, choose Accounts and Settings.
- Choose Sales, then Sales form content.
- Click the Discount slider to turn it on.
- Press on Save, and then Done.
Also, you have the option to add a discount as an item of your inventory. Please read the article to learn more about this: Discount as Line Item on Invoices and Sales Receipts.
If you're applying vendor discounts, you have the option to create a discount item. Then, add it as a line item (negative amount) in the original bill so it’ll adjust the amount. Here’s how:
- Click the Gear icon in the upper-right hand corner.
- Click Products and Services.
- At the top right, select New.
- Select Non-inventory or Service type, then fill in the fields.
- In the Name field, enter Discount.
- In the Sales price/rate field, enter the discount amount as a negative.
- From the Income account drop-down, select the appropriate account.
- Make sure the Is Taxable is not checked.
- Click on Save and close.
Once done, you can add a discount in the Discount field of your bill.
I'm adding these links to help you out with your QuickBooks tasks:
Post here anytime if you have other QuickBooks concerns. I'll be right here to help.
