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warren-alvern
Level 1

How do we capture account settlement discounts ?

 
1 Comment 1
Rasa-LilaM
QuickBooks Team

How do we capture account settlement discounts ?

Hi there, warren-alvern.


Welcome to the Online Community. Let’s use the Discount feature to capture the settlement transaction and then add it on the invoice. 


The first thing to do is to turn on the option in your account. Here’s how:

 

  1. Go to the Gear icon at the top and select Account and Settings to access the Sales menu.
    settle.png
  2. From there, tap the Pencil icon for Sales form content and then mark the box for Discount.
    settle1.png
  3. Click Save and Done.

This will add the discount field to the sales transactions. To apply for the settlement, choose which type to use (Discount percentage or Discount value).  

 

  1. Tap the Plus icon at the top and choose Invoice under the Customers section.
  2. This will lead you to the Invoice page.
  3. From there, pick the appropriate client by clicking the Customer drop-down.
  4. Add the item in the Products and Service column and then fill in the remaining field boxes.
  5. Under Subtotal, click the drop-down and choose a Discount percentage or Discount value.
  6. Enter the amount you want to discount.
  7. Once done, hit the Save button.
    settle3.png settle4.png

For an overview of the feature and detailed instructions to set it in QBO, check out this article: Add a discount to an invoice or sales receipt.


Reach out to me whenever you have additional questions or concerns. I’ll be right here to assist further. Have a great rest of the day.