How do I apply a discount to an invoice in Quickbooks desktop?

How do I add a discount to an invoice in QuickBooks?

Set up and add discounts to sales receipts

  1. Select Settings ⚙ and then Account and settings.
  2. Select the Sales or Invoicing tab.
  3. In the Sales form content section, select the pencil ✏ icon to edit it.
  4. Turn on the Discount setting.
  5. Select Save and then Done.

How do I discount an invoice in QuickBooks desktop?

Use discount and subtotal items on an Invoice

  1. Select the Lists menu, then select Item list.
  2. Select the Item button, then select New.
  3. Select Discount from the type dropdown and fill out the needed info. You have the option to set a discount percentage or specified dollar amount. …
  4. Select OK when you’re ready.

How do you add a percentage discount in QuickBooks desktop?

To create Discount items in QuickBooks Desktop Pro, open the “Item List.” Then click the “Item” button in the lower-left corner of the list window. Then select the “New” command from the pop-up menu to open a “New Item” window. In the “New Item” window, select “Discount” from the “Type” drop-down.

How do you show a discount on an invoice?

Apply a discount when creating an invoice

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Click on the Discount box on the invoice line. In the Amount box that appears enter either the discount amount or the discount percentage you want to apply. Fill in the rest of the invoice details as normal. Click Save.

How do you record purchase discounts?

When you pay the invoice, debit accounts payable for the total amount, credit your purchases discount account for the amount of the discount and credit cash for the difference between the invoice and the discount, explains Corporate Finance Institute.

How do I enter sales tax discount in QuickBooks?

Sales tax discount – QB Simple Start online

  1. Click Taxes on the left pane.
  2. Under the Sales Tax column, select the amount you want to pay.
  3. Click Record Tax Payment.
  4. Check the box next to Make Adjustment (refer to the first screenshot).
  5. Enter the needed information.
  6. Click Record Tax Payment.

How do I record sales discounts in QuickBooks?


  1. Go to Sales.
  2. Select Products and Services.
  3. Click New.
  4. Choose Service.
  5. Enter Discount as the name of your new service item.
  6. Under Income account, select your discount or expense account.
  7. Click Save and close.

How do I apply a vendor discount in QuickBooks online?

To do this:

  1. Go to the Vendors menu. Then, select Pay Bills.
  2. Choose the vendor bill. Then, tap the Set Discount button.
  3. Enter the Amount of Discount. Pick the Discount Account. See the image below.
  4. You can click Add New if the income account is not yet listed.
  5. Click Done. Then, Pay Selected Bills.