It is relatively easy to add QuickBooks software discounts in an invoice irrespective of whether you are using the Premier or Pro version. The discount is the prerogative of the customer but having paid the bill much earlier makes a customer ineligible as preparation of the invoice and addition of the discount have to go hand in hand. Follow these simple steps to complete the process of adding discount to an invoice.
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.
If you have the intention of providing more than one type of discount to a client, name the discount accordingly. For instance you could give names like senior discount and promotional discount. Make sure you keep the names simple.
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.
The amount of discount you want to offer is what you have to mention next. To do this, go to the Amount or percentage symbol box and click on it. An important fact to remember is that with QuickBooks, failure to add the percentage sign once you write the amount will be considered to be dollar amount instead of percentage.
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.
Don't be alarmed if a warning pops up in a window stating the non-existence of the account for Discount Expenses as all you need to do is click OK and it gets added. The window for Add New Account will have an icon labeled Expenses which has to be clicked. An OK click and you go back to the New Discount screen for another click on OK for instantly saving the discount.
Finally the specified discount has to be included in the column of the Item Code at the bottom of the invoice. QuickBooks automatically calculates the dollar amount as well as the percentage figure and will display the subtraction of the amount from the total sum of the invoice before factoring in the tax. Once the tax has been added, you have to either click on Save and Close or Save and New icons in order to save your 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.
If you have the intention of providing more than one type of discount to a client, name the discount accordingly. For instance you could give names like senior discount and promotional discount. Make sure you keep the names simple.
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.
The amount of discount you want to offer is what you have to mention next. To do this, go to the Amount or percentage symbol box and click on it. An important fact to remember is that with QuickBooks, failure to add the percentage sign once you write the amount will be considered to be dollar amount instead of percentage.
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.
Don't be alarmed if a warning pops up in a window stating the non-existence of the account for Discount Expenses as all you need to do is click OK and it gets added. The window for Add New Account will have an icon labeled Expenses which has to be clicked. An OK click and you go back to the New Discount screen for another click on OK for instantly saving the discount.
Finally the specified discount has to be included in the column of the Item Code at the bottom of the invoice. QuickBooks automatically calculates the dollar amount as well as the percentage figure and will display the subtraction of the amount from the total sum of the invoice before factoring in the tax. Once the tax has been added, you have to either click on Save and Close or Save and New icons in order to save your 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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