Use this window to apply a discount to the bill you selected. QuickBooks has
calculated a suggested discount based on the payment terms you have with the
vendor. You can accept the suggested discount or enter a different
These fields reflect entries you made elsewhere in QuickBooks:
The current balance indicates how much you currently owe toward this
This might not be the total amount that you owe this vendor.
The terms that you chose when you entered this bill; for example,
2% 10 Net 30.
You can change these fields:
Amount of Discount
Discount Class(If class tracking is turned on)
An entry in this field assigns the discount to a class you have previously
defined for tracking purposes.
Classes give you another way to categorize your financial transactions. For
example, if you had a restaurant with three locations, you might create an
Uptown, a Midtown, and a Downtown class for tracking income and expenses by
location. When you create reports, you can have QuickBooks group and subtotal
transactions by their class.
Class tracking must be turned on for this field to appear.
Open the accounting preferences.
Click the Company Preferences tab.
Select the Use class tracking checkbox.
Applying a discount to a bill