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:
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:
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.
Hi there, @Highlady!
Create an item with a negative (-) amount to add a discount to the total bill.
Let me show you how:
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.
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.
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.
Let me know if there's anything else you need or you have other QBO questions. I'm always here to help.
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?
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.