Click Discount & Credits in the Receive Payments window to
apply a discount for early payment for customers whose payment
terms include a discount for payment before the due date.
Even if the customer has sent you a payment for the full amount
of the invoice (or statement charges), you can apply a discount.
QuickBooks holds any credit amount in accounts receivable until you
apply it to an invoice or issue a refund check.
Note: If you are offering a discount for something other
than early payment (a sales promotion, for example) use a
Discount item instead.
To do this task
Go to the Customers menu and click Receive Payments.
Enter the customer's payment in the Receive Payments window.
Click the line of the invoice to which you want to apply the
Click Discount & Credits.
(Optional) Change the amount of the discount.
QuickBooks calculates a suggested discount amount based on your
payment terms with the customer and the payment date. You can enter
any discount amount you choose; you don't have to use the
suggested amount. However, the amount of the discount cannot be
higher than the original invoice.
Enter the name of the expense account you use to track
discounts, for example Discount Expense.
Click Done to record the discount.
Save the payment.
Set up payment
terms with a customer
Create a discount