Quick question for the smart ones. I have recently gotten a discount on my rent and I am not sure how to enter it. Everything that comes up is a discount for real Estate that you are renting. I am trying to figure out how to enter the full amount of my rent so it shows full amount in the income statement and also which account to put the discount
Solved! Go to Solution.
Let me help share how you're able to a discount on your rent, @jnmzietz1.
You can create a vendor credit for the rent and the discount will item depending on how you're tracking the payment for your rent. I'll walk you through the steps on how to accomplish this.
To start with, let's create a service item for your discount and use it as your new line item. Here's how:
From here, use the steps below to enter the discount:
Once done, create a bill payment accordingly and you'll see the credit in a box on the right portion of the bill payment.
I'm adding this article with the topics you can use while recording the common vendor transactions: The Difference Between Bills, Checks, and Expenses in QuickBooks Online.
It'll always be my pleasure to help if you've got additional questions about discounts and payments. Use the Reply option below and surely I'll be here ready to assist you. Take care and stay safe!
Let me help share how you're able to a discount on your rent, @jnmzietz1.
You can create a vendor credit for the rent and the discount will item depending on how you're tracking the payment for your rent. I'll walk you through the steps on how to accomplish this.
To start with, let's create a service item for your discount and use it as your new line item. Here's how:
From here, use the steps below to enter the discount:
Once done, create a bill payment accordingly and you'll see the credit in a box on the right portion of the bill payment.
I'm adding this article with the topics you can use while recording the common vendor transactions: The Difference Between Bills, Checks, and Expenses in QuickBooks Online.
It'll always be my pleasure to help if you've got additional questions about discounts and payments. Use the Reply option below and surely I'll be here ready to assist you. Take care and stay safe!
That looks like it will do it. Thank you so much for your help
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