Paying invoices with discount terms. How to apply discount?

sunburstsarahbur · ‎October 15, 2018

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?

Rustler · ‎October 15, 2018

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

Rustler · ‎October 15, 2018

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

Notalemming · ‎October 15, 2018

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 · ‎October 15, 2018

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

rbsenterprise472 · ‎November 14, 2018

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 · ‎November 14, 2018

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

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Paying invoices with discount terms. How to apply discount?