How to Set up Sales Discount Account in QuickBooks

To set up the sales discount account, you have to create the discounted product or service that you want to sell at a lower price. After that, when a customer buys it, you have to apply the discount to that customer’s sales receipt or invoice. To do this adequately, the solution given below will help you in applying the discount successfully.

Method to set up a sales discount account in QuickBooks

Before creating the sales discount account, turn on the Discount feature in your account.

• In the setting of the QuickBooks account
• Click on the Accounts and Settings
• On the menu, go to the tab Sales 
• Now, in the section of Sales for content
• Click on the Pencil icon to edit the settings
• Now click on the Discount option to turn it on
• In the end, click on the Save and then the Done button.

For creating the discounted Item in the Item List 

• In QuickBooks, click on the List menu option
• From further options, select the option Item List
• In the item, click on the drop-down arrow that is mentioned at the bottom of the Window
• Now select the New option
• In the Type field, choose the Discount option from the drop-down menu
• Now, you have to enter the percentage or amount and the description of the discount
• After that, choose the account on which you have to apply the discount in the Accounts field
• In the field of Tax code, select Tax table or Non-Tax table
• Then click on the OK button
• Now, the account is created.

For applying a sales discount

• Click on the + icon, which is the Add New option
• Now, you have to choose the Sales receipt for providing the discount
• Select and add the Product and Services
• Fill out the form with the correct information
• In the field of Discount, select the Discount Percentage or discount value that you want to give
• Write the discount value or percentage that you choose above
• You can also give a discount on the total before the calculation of the Sales Tax
• Just click on the arrow icon of the Discount field
• Click on the Save and Send button to send it to the customer
• In the end, click on the Save and Close button.

Read More: Create Sales Orders in QuickBooks

Conclusion

Above, you get the solution for how to set up a sales discount account on a QuickBooks Desktop. Follow the steps accordingly to get it done smoothly without having any problems. You can also get connected easily through QuickBooks’ toll-free number, 1-800-816-6849. The team is here 24/7 to help you out if you have any issues or queries.