Discover The Benefits Of Quickbooks Software Discounts
There is little difference in incorporating QuickBooks software discounts into an invoice in both the Premier and Pro versions. Though it is only the customer who can avail of this discount, it is not applicable if the buyer happens to pay in advance as it needs to be added into the invoice immediately after it is prepared. Read on to learn about the steps that need to be followed.
The initial step is to open QuickBooks. Then by clicking on Lists, and then Type, followed by Discount you will be opening your business in the window. Next you will see a button that will ask you to add your new discount for your account that pop up automatically.
In case the discount that you have in mind for your client happens to be more than one, you'll need to give them separate names. Promotional discount and senior discount are examples of the kind of names you can give your discounts. Keep in mind the fact that the simpler the names, the better.
The next step is to fill the Description box with the details of the discount which will appear in the print out of the customer invoice. You have the option of using a single word, two words or a phrase to describe the discount but make sure you avoid unnecessary and meaningless words. The words you use should be easy to understand and specific at the same time.
Adding your desired discount amount is the next step. This has to be done by clicking on the box for the Amount or percentage symbol. Always remember that when using QuickBooks the percentage symbol must always be mentioned with the amount entered if you don't want the figure to be taken as the amount in dollars.
Now you have to create a Discount Expenses account. All the discounts you directly give to your customers are included as business expenses. It is because of this that you should not use the Discount accounts as these are for the discounts from vendors.
At this point you might see a warning pop up box cautioning you that the account for Discount Expenses does not exist but you simply need to acknowledge the OK button and it will be included. Next, go to and click on the icon for Expenses which is on the window of Add New Account. Then OK needs to be clicked and you have to return to the screen for New Discount where you again click OK to enable your discount to be saved instantly.
Finally the specified discount has to be included in the column of the Item Code at the bottom of the invoice. QuickBooks automatically calculates the dollar amount as well as the percentage figure and will display the subtraction of the amount from the total sum of the invoice before factoring in the tax. Once the tax has been added, you have to either click on Save and Close or Save and New icons in order to save your invoice.
This marks the end of this process to get your discount included in the invoice. QuickBooks software discounts is very impressive for its accuracy. You will also appreciate the simplicity with which you can enjoy the convenience.
The initial step is to open QuickBooks. Then by clicking on Lists, and then Type, followed by Discount you will be opening your business in the window. Next you will see a button that will ask you to add your new discount for your account that pop up automatically.
In case the discount that you have in mind for your client happens to be more than one, you'll need to give them separate names. Promotional discount and senior discount are examples of the kind of names you can give your discounts. Keep in mind the fact that the simpler the names, the better.
The next step is to fill the Description box with the details of the discount which will appear in the print out of the customer invoice. You have the option of using a single word, two words or a phrase to describe the discount but make sure you avoid unnecessary and meaningless words. The words you use should be easy to understand and specific at the same time.
Adding your desired discount amount is the next step. This has to be done by clicking on the box for the Amount or percentage symbol. Always remember that when using QuickBooks the percentage symbol must always be mentioned with the amount entered if you don't want the figure to be taken as the amount in dollars.
Now you have to create a Discount Expenses account. All the discounts you directly give to your customers are included as business expenses. It is because of this that you should not use the Discount accounts as these are for the discounts from vendors.
At this point you might see a warning pop up box cautioning you that the account for Discount Expenses does not exist but you simply need to acknowledge the OK button and it will be included. Next, go to and click on the icon for Expenses which is on the window of Add New Account. Then OK needs to be clicked and you have to return to the screen for New Discount where you again click OK to enable your discount to be saved instantly.
Finally the specified discount has to be included in the column of the Item Code at the bottom of the invoice. QuickBooks automatically calculates the dollar amount as well as the percentage figure and will display the subtraction of the amount from the total sum of the invoice before factoring in the tax. Once the tax has been added, you have to either click on Save and Close or Save and New icons in order to save your invoice.
This marks the end of this process to get your discount included in the invoice. QuickBooks software discounts is very impressive for its accuracy. You will also appreciate the simplicity with which you can enjoy the convenience.
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