Adding Discounts (VMS Details)

Effective Date: The date when the discount first goes into effect.

Title: Enter in a descriptive name for the discount to be applied.

Type: Select from Standard, Rebate, VMS Fee, or Other.

Ignore for Sales Tax Calculations: Determines if the discount is factored into the Sales Tax.

• See Discount Use Cases and Calculations below for more information.

Calculate and Display on Invoice: Determines if the discount will display on the invoice.

• See Discount Use Cases and Calculations below for more information.

Sent to Accounts Receivable: Determines if the discount should be sent to Accounts Receivable.

• See Discount Use Cases and Calculations below for more information.

Priority: When using multiple discount rates, you can set the order in which the discount should apply.

• See Discount Use Cases and Calculations below for more information.

Rate: The amount of the discount.

Status: Set whether the discount is currently active or inactive.

General Ledger Account: Enter in the account from your General Ledger or QuickBooks that is associated with the discount.

Product/Service Code: Enter in the applicable product or service code.

Location: Enter the associated location.

Earn Code: Select the earn code to which the discount is applied.