cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

Paying invoices with discount terms. How to apply discount?

I am paying invoices to a vendor with discount terms. It is not applying the discount. How do I get the discount applied for the invoices I am paying per the terms?

Solved
Best answer 10-15-2018

Accepted Solutions
Level 15

You have to use vendor credit, select an income account,...

You have to use vendor credit, select an income account, enter the amount save

then use paybills, select the bill apply the credit, pay the balance

View solution in original post

5 Comments
Level 15

You have to use vendor credit, select an income account,...

You have to use vendor credit, select an income account, enter the amount save

then use paybills, select the bill apply the credit, pay the balance

View solution in original post

Level 1

I have been unsuccessful in determining how to do this....

I have been unsuccessful in determining how to do this.  On QBOPlus, when creating an account for discounts/rebates/refunds, assuming that is correct, the QBs tells me to use an expense account for vendor discounts, but you're saying to use an income account.  Obviously I need layman terms to understand what is being said here.    
Level 15

account type = income detail type = service fee income cl...

account type = income
detail type = service fee income
click in the name block and retitle the account to say, discount income, save
Level 1

Re: You have to use vendor credit, select an income account,...

We get charged frieght as so many others which we separate out on the vendor invoice.  How do I get the discount to only go against the goods purchased and not against the freight?

 

Thanx in advace.  We have easily 30 vendor invoices a day!

Level 1

Re: You have to use vendor credit, select an income account,...

How do I exclude shipping from the discount ... it is already setup as a separate account 

Need to get in touch?

Contact us