How to change Discount Account used on Invoice setting is new QuickBooks Online (QBO)?

Changing discount account settings is part of chart of accounts advanced settings in new QuickBooks Online.
From the home page screen

  • Select the Company “Gear” (upper-right-corner)
  • Select Company Settings under Settings heading
  • Select “Advanced” under Settings
  • Select “Chart of Accounts” under Advanced heading
  • Select Discount Account from the drop-down selector income account from the company chart of accounts. See attached screenshot photo for reference.
  • Save
Change Discount  COA selection
Change Discount COA selection