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Applying Discounts

When you have a bill that receives a discount, perhaps by paying early, you can use the Payables dialog box to indicate that this bill receives a discount, the amount of the discount, and the date.

To apply a discount to a bill:
  1. Choose Payables > Enter Bills, or click the Enter Payables icon in the Payables section of the workspace.
  2. In the Payables dialog box, select the vendor from the Vendor list.
  3. Add the information from the vendor’s invoice — including the invoice number, the date of the invoice, and the date the invoice is due.
  4. If you receive a discount, select the Discount check box.
  5. Specify the Amount of the discount.
  6. Specify the Date you're paying the bill for receiving the discount. (Most likely this date will be sooner than the Date Due.)
  7. Enter any other information, such as line items. (See Entering Bills for details.)
  8. To pay this bill immediately, click Pay.
  9. In the Bill Payment dialog box, select the check box for the bill that is eligible for the discount.
    Brass Jacks Bookkeeper shows balances that are eligible for a discount in green in the Bill Payment dialog box.
  10. Specify how to pay the bill.
  11. Click OK.

When you pay the bill, Brass Jacks Bookkeeper calculates the discount and shows it in the Non-Payroll Checks, Bill Payments by Credit Card, or the Bill Payments by Cash dialog box depending on how you make the payment.