Setting up "Sales Discounts" account.
How do you set up a "Sales Discounts" as a contra account to sales? I am using QB 2009 Pro.
How do you set up a "Sales Discounts" as a contra account to sales? I am using QB 2009 Pro.

Create an income account called Sales Discounts. Use that account for any discount items you set up, and for discounts given when applying payments.