Hi there, @kqbrosis.foods,
Discount items are not reported as an expense. However, it is reported as a reduction in gross sales. The Profit and Loss report represents the profitability of a business. Thus, it shows your total income and expense.
Depending on how you set up the discount item, the discount item should be included in your Profit and Loss Report. Usually, it is displayed right below the Other Income section.
You can create a discount item and apply it to the transactions. Here's how:
5.Click Save and close.
You can check this article about applying a discount on an invoice or sales receipt.
You can always leave your comments below if you have other questions. I'm always here to help.
thanks ....
for analysis purpose it will be helpful if can get a report at the end of a particular period on how much total discount is given for particular product....
Hello, kqbrosis.foods.
Thank you for getting back to us here in the Community. In QuickBooks, there are various reports you can pull up. One of the reports you can pull up to show the total discount given to a product is the Sales by Product/Service Detail report.
Here's how:
I've also added an article that can help you customize and memorize your report in QuickBooks Online.
Please don’t hesitate to comment below if you need further assistance. I’ll be back to you. Take care.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here