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?
In ideal accounting process, I would think handling discount taken by the customer would be part of “Receive Payment” form screen. They will have the additional line to enter discounts given to the customer as negative amount entered and thereby would match customer payment amount. Since QBO Receive Payment screen is unable to handle this… Continue reading How to handle early payment discount taken to an invoice when a customer pays on time? Example: 1% 10, Net 30 or 2% 10, Net 30