Question

Supplier discounts lowering cost of items

Forum|Forum|2 years ago
September 14, 2023
1 reply
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Is there a way to have a supplier discount lower the cost of the items on the bill that is receiving the discount? Sort the way a landed cost increases the cost of the items on a bill, but this would lower each item’s cost.

example: I buy different sized bags of dog food from my supplier and then receive 2% off if I pay in 10 days. Is there a way to have my cost of each dog food bag lower because I took the discount?

We currently have Quickbooks Enterprise Platinum 2023.

QuickBooks Enterprise Suite

Bryan_M

Welcome to the Community space, @MelwadleGMCN. We've experienced the same concern in the past and yes, there's a way to apply the discount to each bill item. Let me walk you on how to do it.

We can manually apply the discount in the Pay Bill section to each item. Please know that setting a discount should be the exact amount not by percentage.

Here's how:

On the top navigations, select Vendors.
Go to Pay Bills.
Check the box of the bill item you want to put a discount on.
Then, click the Set Discount below.
Enter the Amount of Discount and the Discount Account. Tap Done to apply.

After that, check in the DISC. USED column if it shows. Then, do the same with the rest of the bill items.

You can read this article for more info: Pay bills in QuickBooks Desktop.

We'll also share these articles to help you manage your bill items:

We appreciate you for raising your concern here. Please come back if you have additional questions about bills. We'll be willing to lend a hand. Take care.

M

MelwadleGMCNAuthor

I don't think you're understanding my question. I know how to apply a discount to an entire bill, it's extremely simple. What I'm trying to do is apply a discount to each item within a supplier's bill so it lowers the cost of that item.

Using landed costs, you can apply the cost of shipping items to the cost of the products that were shipped, increasing the cost of those items. I'm wondering if there is a way to do the reverse of that and apply a supplier discount to EACH ITEM on the bill (not just the entire bill).

Example: if I'm paying $10 for an item from a supplier and I get a 2% discount if I pay them fast, then the cost of the item would then become $9.80. Is there a way for Quickbooks to apply that discount so it lowers the cost of the items?

Our goal is to see exactly what an item costs when we sell it, including expenses like shipping, insurance, etc AND discounts received due to timely payment.