Level 15

Reports and accounting


@chuck22 wrote:

@Rustler Thank you for the good help with this.  I too have the same questions, but I am curious, if an income account is to be used for Sales Discounts, what Tax Line Mapping should be used?  The only Tax Line I notice, that refers to discounts of any kind, is "other deductions: Discounts Given".  This would lead one to believe this is a tax line map that should be used for Sales Discounts as it says "Discounts Given".  Would you happen to know why that Tax Line exists?

 

Thank you.


Sales discounts are a reduction in income so they are rolled up in gross income,  Under other deductions:discounts given - to be honest I have no idea, I have seen it but never used that particular line item