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G
Gcrocker
February 5, 2023
Question

Discount after Invoice Payment

  • February 5, 2023
  • 1 reply
  • 0 views

I recently sent out a bill to one of my customers, they added a discount into it after the final Invoice. 

 

So basically lets say I sent out a bill for $1234 after taxes, they send me a payment for $1214. This is an admin fee of sorts in our service agreement. How do I go about receiving a invoice for $1234 but show the discount when the payment is accepted so that it does not mess with my HST?

1 reply

LeithG
LeithG
February 6, 2023

Hi Gcrocker

 

This is a good question; I had similar questions posting receipts of payment for invoices where a bank / wire fee was present.  This is what I have done to make it easy.

 

1. Record the payment of the invoice from the Invoices > Customers screen, but process the payment to Undeposited Funds

2. Record your payment using the New > Bank Deposit  option.  This will allow you to choose the bank account, currency, and 'Undeposited Funds' item created above.  On this screen you can then also add your negative line item below making notes about what it is.

3. Once you've done these two items, if you're using the bank synchronization your inbound transaction from the bank should match exactly with the record, all while leaving your original invoice intact.

 

Hope this helps!

 

Leith.

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