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.
In case the discount that you have in mind for your client happens to be more than one, you'll need to give them separate names. Promotional discount and senior discount are examples of the kind of names you can give your discounts. Keep in mind the fact that the simpler the names, the better.
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.
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 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.
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.
In case the discount that you have in mind for your client happens to be more than one, you'll need to give them separate names. Promotional discount and senior discount are examples of the kind of names you can give your discounts. Keep in mind the fact that the simpler the names, the better.
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.
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 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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