purchase discounts

Does "1% 10th net 11th" mean 1% discount if paid on or before the 10th, and due on the 11th?

If so, that's sort of odd, as they've giving away 1% to get paid one day early.

In any case, set it up like this:

QuickBooks helps makes this as confusing as possible through lazy use of English. If you set up the terms based on the text of the labels, you'd enter the 12th and then the 11th, but then it wouldn't work as you want.

Instead, understand that the person who wrote the labels doesn't understand English:

- "Net do before the" should say "Net due on or before the"

- "Discount if paid before the" should say "Discount if paid on or before the"

Hi there, @lorriesci.

Thanks for the prompt response. I’m here to walk you through on how to set up new terms for you bills in QuickBooks Desktop.

Let's create new terms by heading to list menu. Here's how:

1. Go to the Lists menu and select Customers & Vendor Profile Lists, then choose Terms List.

2. Click the dropdown arrow from the Term button.

3. Then, select New.

4. Set up the term that you need.

5. Hit Ok to save.

Once you've finished, go to the Term section of your bill and apply it. See Screenshot below for you reference:

Once every everything is ready check out this guide for more information about paying bills: Pay bills in QuickBooks Desktop.

I'm always here to help if you have any other concerns or anything in QuickBooks. I'll make sure to get back to you as quickly as I can. Have a good one.

@ChristineJoieR 

The OP doesn't need a lesson in how to find the terms list. They want to know how to set up the terms record to make it work the way they want. You totally missed the question and posted a big long answer that doesn't actually answer the question. Instead, you just write "4. Set up the term that you need." Well, that is the OP's question: They want to know how to "set up the term that they need" and they have described how it needs to work, but they don't know how to do it. You are not being helpful.