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.
To get started begin by opening QuickBooks. Then comes opening your business using the application which requires you to look for Lists, Types and also Discount and click on it. On doing this you will get a pop up window instantly which displays an icon asking for addition of your discount.
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.
The next step is to fill the Description box with the details of the discount which will appear in the print out of the customer invoice. You have the option of using a single word, two words or a phrase to describe the discount but make sure you avoid unnecessary and meaningless words. The words you use should be easy to understand and specific at the same time.
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.
The creation of an account for the purpose of Discount Expenses is what you do next. Whatever discounts you are giving directly to customers are taken as business expenses. Therefore ensure that you avoid using Discount accounts which are for the discounts that you are getting from the 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.
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 marks the end of this process to get your discount included in the invoice. QuickBooks software discounts is very impressive for its accuracy. You will also appreciate the simplicity with which you can enjoy the convenience.
To get started begin by opening QuickBooks. Then comes opening your business using the application which requires you to look for Lists, Types and also Discount and click on it. On doing this you will get a pop up window instantly which displays an icon asking for addition of your discount.
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.
The next step is to fill the Description box with the details of the discount which will appear in the print out of the customer invoice. You have the option of using a single word, two words or a phrase to describe the discount but make sure you avoid unnecessary and meaningless words. The words you use should be easy to understand and specific at the same time.
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.
The creation of an account for the purpose of Discount Expenses is what you do next. Whatever discounts you are giving directly to customers are taken as business expenses. Therefore ensure that you avoid using Discount accounts which are for the discounts that you are getting from the 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.
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 marks the end of this process to get your discount included in the invoice. QuickBooks software discounts is very impressive for its accuracy. You will also appreciate the simplicity with which you can enjoy the convenience.
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