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mhandlon
Level 1

Is there a way to automatically deduct a discount on a Bill Payment? Some of our vendors offer a discount if we pay an invoice within 10 days and we often pay that way.

 
8 Comments
JanyRoseB
QuickBooks Team

Is there a way to automatically deduct a discount on a Bill Payment? Some of our vendors offer a discount if we pay an invoice within 10 days and we often pay that way.

Hello there, mhandlon.

 

Thanks for taking the time to reach out to us. Allow me to address your concern, so let me get this straightened out.

 

Currently, QuickBooks Online doesn't have an option to deduct discounts automatically on a Bill Payment. What you can do is to process a Vendor Credit then apply it when paying bills. This way, you can record the discount provided by the vendor.

 

To learn more about vendor credits, you can check this article: Manage vendor credits

 

Since the option you're looking for is not available, I encourage you to send feedback directly to our product engineers for future updates. They place a lot of value in the ideas provided by users, like yourself, when deciding on how best to improve QuickBooks.

 

Here's how you can send feedback: 

  1. Click the Gear Icon.
  2. Select Feedback
  3. Click Next and choose Feedback under Category option.
  4. Select Save

If you need further assistance with the steps for vendor credit process, I recommend calling our QuickBooks Online Support Team. They have additional tools to pull up your account and do a screen share.

 

Here's how you can contact our phone support: 

  1. Go to: Get help with QuickBooks Online.
  2. Click the contact us link. 
  3. Select the Search for something else, and type-in Customer Support
  4. Click Search.
  5. Scroll-down and click Get Phone Number

Please know that you're always welcome to post again if you have any other concerns. We're always here to help you out. Have a good one. 

Highlady
Level 1

Is there a way to automatically deduct a discount on a Bill Payment? Some of our vendors offer a discount if we pay an invoice within 10 days and we often pay that way.

Is there a way to enter the discount amount when entering the bill other than setting up the terms to default to all invoices?

JonpriL
Moderator

Is there a way to automatically deduct a discount on a Bill Payment? Some of our vendors offer a discount if we pay an invoice within 10 days and we often pay that way.

Hi there, @Highlady!

 

Create an item with a negative (-) amount to add a discount to the total bill. 

 

Let me show you how:

  1. Open the Bill transaction.
  2. Add an item with a negative sign on the AMOUNT column.
  3. Click on Save and close.

Once done, the negative amount will be subtracted to the total amount of the Bill.

 

I've attached a screenshot for your visual reference.

 

 

I also suggest sending the same message to our product developers through feedback. This will be received and will be considered by them for future updates. Just click the Gear icon the choose Feedback.

 

I'm always around here in the Community if you have any other questions.

Go Get Geek
Level 3

Is there a way to automatically deduct a discount on a Bill Payment? Some of our vendors offer a discount if we pay an invoice within 10 days and we often pay that way.

I remember seeing this voted high on this, now closed, feedback site: https://feedback.qbo.intuit.com/forums/168199-quickbooks-online-feature-requests

and I believe it was under review to have QBO automatically calculate the discount based on the terms. This was over a year ago. I suggest everyone submit feedback via the Gear icon in QBO to push the development of this much-needed feature. 

HoneyLynn_G
QuickBooks Team

Is there a way to automatically deduct a discount on a Bill Payment? Some of our vendors offer a discount if we pay an invoice within 10 days and we often pay that way.

Hello there, @Go Get Geek.

 

Thank you for joining this thread and participating to our QBO Feature Request website.

 

We just recently closed the Feedback Request website for QuickBooks Online. At this moment, the suggestions my colleagues gave above are the available options. I'll do my part and send your product suggestion to our engineers.

 

To learn more about the latest updates and developments to QuickBooks, you can visit our blog site. I'll make sure to update this thread too once there's progress with your request, @Go Get Geek.

 

Let me know if there's anything else you need or you have other QBO questions. I'm always here to help.

forJO
Level 3

Is there a way to automatically deduct a discount on a Bill Payment? Some of our vendors offer a discount if we pay an invoice within 10 days and we often pay that way.

What an oversight to not have this option easily available when you open the Bill Payment window.  You allow us to enter terms for all the invoices from vendors, why do we have these terms if they aren't used to apply early payment discounts?

JamesDuanT
Moderator

Is there a way to automatically deduct a discount on a Bill Payment? Some of our vendors offer a discount if we pay an invoice within 10 days and we often pay that way.

Hello forJO,

 

We understand how important for you to have an automated feature for the discounts. However, this is only applicable for the sales transactions.

 

The suggestion above to enter the discounts manually to your bills is currently our only option. Note that the bill you receive from your vendors are already in the net amounts. Hence, it is suggested to also enter the net amounts in QBO. You can add a description or memo that is already discounted.

 

You can also visit the QuickBooks Blog to know what's new in the program. We'll keep QuickBooks improving to suit your business needs.

 

We'll be right here if you need anything else.

Go Get Geek
Level 3

Is there a way to automatically deduct a discount on a Bill Payment? Some of our vendors offer a discount if we pay an invoice within 10 days and we often pay that way.

@forJO When there is functionality missing in QBO, I turn to customization with an app that syncs with QuickBooks. This could definitely be done using Method .

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