There is little difference in incorporating QuickBooks software discounts into an invoice in both the Premier and Pro versions. Though it is only the customer who can avail of this discount, it is not applicable if the buyer happens to pay in advance as it needs to be added into the invoice immediately after it is prepared. Read on to learn about the steps that need to be followed.
First go to QuickBooks and open it. Next, you will have to open your business within the application after which you need to click on Lists, Type and Discount. Having done this, look for the pop up Add New Account Discount which opens immediately.
Should you have more than one discount to offer to your client, make sure you give proper names for each discount. Names like senior and promotional discounts are appropriate. Simplicity is a key factor when thinking of names.
Proceed to the Description box and key in particulars of the discount for it to be included in the invoice print out of the customer. You can write a word or more than one word or even a phrase but take care to exclude words that are meaningless. What you write should be concise and not difficult to understand.
After that, mention the discount amount that you want to offer. For this you need to click on the Amount or percentage symbol box. It is very important to keep in mind that in QuickBooks the amount is taken to be in dollars if you fail to suffix the percentage sign after the amount entered.
Now you have to create a Discount Expenses account. All the discounts you directly give to your customers are included as business expenses. It is because of this that you should not use the Discount accounts as these are for the discounts from vendors.
At this point you might see a warning pop up box cautioning you that the account for Discount Expenses does not exist but you simply need to acknowledge the OK button and it will be included. Next, go to and click on the icon for Expenses which is on the window of Add New Account. Then OK needs to be clicked and you have to return to the screen for New Discount where you again click OK to enable your discount to be saved instantly.
Fill the desired discount in the Item Code column at the very end of the invoice. On doing so, the dollar amount and percentage figure automatically gets calculated by QuickBooks and it also deducts the figure from the invoice total, followed by the tax. After the addition of tax, click Save and Close or you can also click Save and New to be able to save the invoice.
This rounds up all the steps necessary to complete the process of incorporating a discount in an invoice. You will discover that QuickBooks software discounts are a boon in terms of accuracy for discounts to be calculated. The simplicity of the process makes it all the more convenient.
First go to QuickBooks and open it. Next, you will have to open your business within the application after which you need to click on Lists, Type and Discount. Having done this, look for the pop up Add New Account Discount which opens immediately.
Should you have more than one discount to offer to your client, make sure you give proper names for each discount. Names like senior and promotional discounts are appropriate. Simplicity is a key factor when thinking of names.
Proceed to the Description box and key in particulars of the discount for it to be included in the invoice print out of the customer. You can write a word or more than one word or even a phrase but take care to exclude words that are meaningless. What you write should be concise and not difficult to understand.
After that, mention the discount amount that you want to offer. For this you need to click on the Amount or percentage symbol box. It is very important to keep in mind that in QuickBooks the amount is taken to be in dollars if you fail to suffix the percentage sign after the amount entered.
Now you have to create a Discount Expenses account. All the discounts you directly give to your customers are included as business expenses. It is because of this that you should not use the Discount accounts as these are for the discounts from vendors.
At this point you might see a warning pop up box cautioning you that the account for Discount Expenses does not exist but you simply need to acknowledge the OK button and it will be included. Next, go to and click on the icon for Expenses which is on the window of Add New Account. Then OK needs to be clicked and you have to return to the screen for New Discount where you again click OK to enable your discount to be saved instantly.
Fill the desired discount in the Item Code column at the very end of the invoice. On doing so, the dollar amount and percentage figure automatically gets calculated by QuickBooks and it also deducts the figure from the invoice total, followed by the tax. After the addition of tax, click Save and Close or you can also click Save and New to be able to save the invoice.
This rounds up all the steps necessary to complete the process of incorporating a discount in an invoice. You will discover that QuickBooks software discounts are a boon in terms of accuracy for discounts to be calculated. The simplicity of the process makes it all the more convenient.
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