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sunburstsarahbur
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 October 15, 2018

Best Answers
Rustler
Level 15

Paying invoices with discount terms. How to apply discount?

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

7 Comments 7
Rustler
Level 15

Paying invoices with discount terms. How to apply discount?

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

Notalemming
Level 3

Paying invoices with discount terms. How to apply discount?

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.    
Rustler
Level 15

Paying invoices with discount terms. How to apply discount?

account type = income
detail type = service fee income
click in the name block and retitle the account to say, discount income, save
rbsenterprise472
Level 2

Paying invoices with discount terms. How to apply discount?

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!

rbsenterprise472
Level 2

Paying invoices with discount terms. How to apply discount?

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

HUNTER ENGINEERING
Level 1

Paying invoices with discount terms. How to apply discount?

I Have this same issue! did you ever find a solution?

RenjolynC
QuickBooks Team

Paying invoices with discount terms. How to apply discount?

Thanks for joining in on this thread, HUNTER ENGINEERING.

 

I'd like to share some steps to help with your concern.

 

When you set a discount on a transaction, it will be applied to the subtotal. This means that the shipping is included.

 

While the option to exclude the discount from the shipping is unavailable, you can send a product suggestion to our product developers. They'll review this idea and might consider updating it in the future.

 

You can follow these steps to send feedback:

 

  1. Go to the Gear located at the top.
  2. Under Profile, click Feedback.

If you want to check the status of your request, you can click this link: Customer Feedback for QuickBooks Online.

 

In the meantime, you can add the discount as another line item. Let's create a discount item first by following these steps:

 

  1. Go to Sales Product and Services.
  2. Click the New button.
  3. Choose Non-inventory.
  4. Enter the discount name in the Name field.
  5. In the Income account field, select Discount given.
  6. Select Non-taxable under the Sales tax category drop-down.
  7. Hit Save and close.

Once done, you can add the discount item next to the item you want it to be applied. 

 

Here's how:

 

  1. Go to + New > Invoice.
  2. Select the customer from the Customer drop-down menu.
  3. In the first line, add the item. 
  4. On the second line, select the discount item you've created.
  5. Enter the discount as a negative number in the Amount field.
  6. Check the Subtotal and hit Save and close.

To learn more about discounts in QuickBooks Online, you can check out this article: Add a discount to an invoice or sales receipt in QuickBooks Online.

 

If you have any follow-up questions regarding the steps above or other concerns, please do let me know in your reply. I'll be right here to help you out again. Take care and stay safe.

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