It's great to have you chiming in on this thread, Mahrieah. I've got insights to share what discount-given accounts are for when adding these as a line item or percentage in QuickBooks Online.
When enabling the discounts feature to your sales form transactions, QuickBooks automatically creates a Discounts given account in your Chart of Accounts to track any discounts you give to your customers.
Thus, if you want to record these discounts to a specific income type of account, you can modify them in your company's account and settings. To do this:
- In your QBO account, go to Accounts and Settings.
- Select the Advanced tab.
- Choose the Chart of Accounts section.
- Under Discount Account, select an income account.
- Then, click Save and Done.
Additionally, I'm adding these resources to aid in personalizing and receiving customer-paid invoices:
We'll always be around whenever you need further assistance managing discounts in your file. Keep us posted below, and we'll be sure to back you up at any time. Take care!
