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April 8, 2019
Solved

Why use an Expense account for Vendor discounts?

  • April 8, 2019
  • 1 reply
  • 27 views
I understand using customer discounts as negative Income account, but receiving a discount then should be tracked elsewhere and not in the Books, it is not an expense or why a contra-expense.
Best answer by QBsguru

Reduce the expense account.

1 reply

QBsguruAnswer
April 8, 2019

Reduce the expense account.