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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

5 Comments
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

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 

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