Skip to content

NEWQBO.COM

  • Home
  • Our Services
  • Video Tutorials
  • Ask Question
  • Test Drive
  • Advertise With Us
  • Help Questions
  • Donate Few Bucks for QuickBooks Help

How can I apply discount taken by a customer on payment received?

You will have to wait until you get to “Bank Deposit” tab to apply discount given against this invoice.

Let’s start the process:

  • #1 Receive Payment tab (Create + plus sign > Customers > Receive Payment)
    Show full Invoice payment on “Received Payment” screen, but select Deposit to as “Undeposited Funds” account.
  • Note: Received Payment form is currently blank and incomplete at this time to handle other debit and credit adjustments if necessary.
  • Sending it to Undeposited Funds account (rather than directly to bank account) and make other adjustments (like Discounts taken or Merchant Fees) from Bank Deposits screen where they have “Add New Deposits” field
  • # 2 Bank Deposit tab (Create + plus sign > Other > Bank Deposit
  • Select Customer Payment
  • Go to “Add New Deposits” section
  • Account = Discount given (Contra Income Account type)
  • Amount = Discount Amount (Enter negative amount)
  • Check box “Track returns for Customers” and select Customer under Customer column (optional). This will help to track a discount taken by a customer.

QuickBooks Online: How can I apply discount taken by a customer on payment received

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Like this:

Like Loading...

Related

Published July 22, 2014By admin
Categorized as Customers Tagged discount account, discount given 2, discount taken, Early Payment, Prompt Payment Discount

Post navigation

Previous post

QuickBooks Online: How to Record Fees from Credit Cards, PayPal, Merchant Services

Next post

How do I enter when a customer pays with part cash and part credit card




Our Top Posts

  • Chart of Accounts - Listing of available Account Types and their associated Detail Types
  • QBO Educational and Instructional blog
  • How to record forgiveness of debt loan by vendor and bank in Quickbooks Online
  • Add Match Transfer in QuickBooks Online Banking
  • How to record Prepaid Unearned Income? How to convert this Prepaid Unearned Income to Revenue Income when it becomes Earned Income?
  • How do I view or print previous bank reconciliation reports in QuickBooks Online QBO
  • How to make batch inventory stock quantity adjustment after physical count
  • Test Drive
  • QuickBooks Online Projects for Used Car Auto Dealership - Used Car Inventory
  • How to handle trade-in inventory accounting in QuickBooks Online Plus?

Our Recent Posts

  • We have 3rd party app Revel sync with QBO. We have experienced an anomaly with the deposits duplicating — one in the revenue income account and the other in the Undeposited Funds account. How to resolve this?
  • How to Record Consignment Sales on Consignee’s Books in QuickBooks Online
  • Cash Flow Dashboard Widget in QuickBooks Online
  • I have already set up a class in QBO. How do I assign Payroll to that Class?
  • How do I record fully-owned fixed asset equipment that has been sold for cash?
  • QuickBooks Online: Employees and Payroll Helpful Articles
  • How to cancel the QuickBooks Online QBO subscription
  • How to record forgiveness of debt loan by vendor and bank in Quickbooks Online
  • Intuit Aid Assist Website – Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL)
  • Tags in QuickBooks Online QBO – Tracking County Sales, Out of State Sales, Sales to Pay Rep Commissions
  • How can I make batch changes to categorized transactions without having to go through and click every single one of them in my register
  • How do I match a batch deposit for payment of an invoice and vendor refund deposit?

Search our website

Popular Questions

  • How do I view sent emails for Invoices in Quickbooks Online asked by Carl
  • How do you record a loan payment for a fixed asset? asked by Anonymous
  • How to run customer sales report by City / State in QBO asked by Anonymous
  • How do I add a new "Detail Type" category to the chart of accounts? asked by Rebecca
  • In QBO, how to you delete a recurring Journal Entry? asked by Anonymous
  • how to change sale receipt number asked by Anonymous
  • How do you delete a Project in QuickBooks Online asked by Fred L.
  • Credit Card with mutiple Sub-Accounts asked by Cynthia Russomanno
  • Missing bank transactions in QuickBooks. asked by Maggie
  • Missing beginning balance data on Statement for Cash Flow by Month or Quarter report asked by Anonymous
  • Home
  • Our Services
  • Video Tutorials
  • Ask Question
  • Test Drive
  • Advertise With Us
  • Help Questions
  • Donate Few Bucks for QuickBooks Help
NEWQBO.COM
Proudly powered by WordPress.
%d bloggers like this: