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- Setting Sales and Customers Preferences
- Creating an Invoice
- Previewing Invoices
- Printing a Single Invoice
- Printing a Batch of Invoices
- Emailing an Invoice
- Charging Expenses to a Customer
- Setting Finance Charge Preferences
- Creating a Monthly Statement
- Setting Send Forms Preferences
- Tracking Accounts Receivable
- Receiving Payments for Invoices
- Issuing a Credit or Refund
- Receiving Cash
- Making Bank Deposits
- Receiving Advances, Retainers, and Down Payments
- Issuing Discounts
- Viewing the Open Invoices Report
- Creating a Collection Letter
- Recording Bad Debts
This chapter is from the book
This chapter is from the book
This chapter is from the book
This chapter is from the book
Issuing Discounts
If you offer discounts to your customers, you can record that information on a separate Discounts & Credits screen in QuickBooks. There are three types of discounts you can issue—sales discounts that you enter on a customer’s invoice, early payment discounts recorded automatically for customers who pay within a specified time period, and company-wide discounts such as when your company has a clearance sale on excess inventory items. The first two types of discounts are discussed here. Company-wide discounts are discussed in the “Adjusting the Price of Inventory” section of Chapter 14.
Enter a Sales Discount on an Invoice
Press Ctrl+I to open an invoice.
Enter the relevant customer information and a description of the items this customer is purchasing.
Enter Discount in the Item section.
Add a description of the discount, or revise the description that appears.
Enter the percent or exact amount of the discount. Enter the percent or amount as a positive number—QuickBooks automatically
changes the discount to a negative for you. If you enter a percent, the discount is calculated based on the item on the line
above.
Save the invoice.
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Enter a Discount for Early Payment
- Select Customers, Receive Payments.
- Enter the customer’s name.
- Verify the date on which the payment is received.
- Enter the amount received.
- Click the invoice to which you want to apply a discount.
- Click Discount & Credits to open the Discount & Credits window.
Confirm the discount amount as computed by QuickBooks, and make any necessary changes.
Verify the account to which the discount will be charged.
Click Done.
Check off the invoice(s) being paid.
Note that the discount has been applied.
Save the customer payment screen.
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