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

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

  • Select the Company “Gear” (upper-right-corner)
  • Select Company Settings under the Settings heading
  • Select “Advanced” under Settings
  • Select “Chart of Accounts” under the 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

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