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Sales Discount as a Contra Account to Sales

QuickBooks Pro for Windows: 2009
8/31/09 12:51 PM,   Viewed by asker 8/31/09 1:17 PM
Total Views: 265

How do you set up "Sales Discount" as a contra account to Sales? I want it to show as a deduction from Sales on the P&L.

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8/31/09 1:16 PM

It doest it by itself. When you apply a discount to a customer, you use an item called Discount, link to the income account Discount-every time you apply a discount to an invoice the amount will be negative in your P&L.

Same thing when you apply the discount by the time you receive the payment.

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