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… Continue reading How can I apply discount taken by a customer on payment received?
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… Continue reading How to change Discount Account used on Invoice setting is new QuickBooks Online (QBO)?
In QBO, you can show discount (percent or $ value) after subtotal. See attached screenshot photo 1 for reference. You will need to change discount setting on under Sales form content. See attached screenshot photo 2 for reference. From the homepage screen, go the company gear (located top upper corner) Select Company Settings Select Sales… Continue reading How to display Discount field after Subtotal on an Invoice in new QuickBooks Online Plus?