Take Vendor Discounts Automatically in QuickBooks

How to Set QuickBooks Bills Preferences

A reader wrote to say that she gets a 2% discount when paying a bill within the stated time frame. She wants to know if there’s a way to get QuickBooks to do this automatically.

Choose Edit | Preferences | Bills, and on the Company Preferences tab, select the option labeled Automatically Use Discounts. Enter the QuickBooks account to which you post the discounts.

Be aware that if you don’t pay the bill within the time frame but still want to take the credit (a common practice) QuickBooks won’t take the discount; instead, you have to enter the credit manually from the Pay Bills window.

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