Skip to main content
arkvalleyinfo
Oct 16, 2018 1:04 AM UTC
Solved

Paying invoices with discount terms. How to apply discount?

I am paying invoices to a vendor with discount terms. It is not applying the discount. How do I get the discount applied for the invoices I am paying per the terms?

Rustler
RustlerAnswer
Oct 16, 2018 1:04 AM UTC

You have to use vendor credit, select an income account, enter the amount save

then use paybills, select the bill apply the credit, pay the balance

View in thread

7 replies

Rustler
RustlerAnswer
Oct 16, 2018 1:04 AM UTC

You have to use vendor credit, select an income account, enter the amount save

then use paybills, select the bill apply the credit, pay the balance

Notalemming
Oct 16, 2018 1:04 AM UTC
I have been unsuccessful in determining how to do this.  On QBOPlus, when creating an account for discounts/rebates/refunds, assuming that is correct, the QBs tells me to use an expense account for vendor discounts, but you're saying to use an income account.  Obviously I need layman terms to understand what is being said here.    
Terms & ConditionsAccessibility statement