If you offer discounts to your customers, you can record that information on a separate Discounts and Credits screen in QuickBooks. There are three types of discounts you can issuesales discounts that you enter on a customer's invoice, early payment discounts recorded automatically for customers who pay within a specified time period, and company-wide discounts such as when your company has a clearance sale on excess inventory items. The first two types of discounts are discussed here. Company-wide discounts are discussed in the "Adjusting Price of Inventory" section of Chapter 14.
Enter a Sales Discount on an Invoice
Enter a Discount for Early Payment