Invoice Discounts - Terms Code

I understand how you want the option of manually adding a discount to a vendor bill. I'm here to help you with what you can do about it, Mopar.

In the normal process, if this is an early payment discount, you can apply the discount when paying the vendor bill. This will be marked as income because of the price reduction. To do so, follow the steps outlined below:

1. Go to the Vendors menu.
2. Select Pay Bills.
3. Select the vendor bill.
4. Click the Set Discount button.
5. Enter the Amount of Discount.
6. Select the Discount Account.
7. You can click Add New if the income account is not yet listed.
8. Click Done.
9. Click Pay Selected Bills.

You'll want to send feedback to let our Product Development know how this is useful for your business. To do so, follow the steps below:

1. Go to the Help option.
2. Select the Send Feedback Online option.
3. Select the Product Suggestion option. A pop-up window displays.
4. Enter your feedback suggestion.
5. Click the Send Feedback button. The feedback is sent.

Moreover, QuickBooks Desktop allows you to customize any report that you generate so you'll get the right data you need. To know more, check out this article for more information: Customize Reports In QuickBooks Desktop.

You can always let me know if you have any questions about setting up a discount on QuickBooks Desktop. I'm always right here to help. Have a nice day!

You are not listening to what I am saying. I know how to apply the discounts. The problem is that I have to look at every invoice every payment to see what that discount is. Trying to use the terms so that QB calculates the discount does not work. Most all of our vendors charge freight, but they don't give you discount on freight, QB does not handle this at all.

Example, you have a bill for a total $110, $100 is actual product and $10 is for Feight.

You use a terms code that gives a %10 discount if paid in 15 days.

QB is going to tell you that your available discount is $11 because that is 10% of the total of $110

Reality is that only the products are discounted, so the discount should be $10

I have other vendors that the discount is different for certain products so again the terms in QB are useless.

You have no idea how many hours I have wasted over the years looking up discounts for each and every invoice. All because QB with not simply allows to manually enter the discount amount when entering a bill.