Sales Discount as a Contra Account to Sales
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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aS5SAeLMCr3PKzacfA8pyY
08/31/09 12:51pm PDT
Viewed by asker 08/31/09 1:17pm PDT
Viewed by asker 08/31/09 1:17pm PDT
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GANDICONSULTING
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08/31/09 1:16pm PDT
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The solution
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.
Have a nice day
