How to Apply Discount in Sales and Purchases Transaction

Overview:

The discount column in the sales and purchase transaction forms allows you to directly enter the desired discount percentage or amount for each line item. The system will automatically calculate and reflect the total discounted price in the transaction footer, updating the overall total accordingly.

Procedure:

1. In the Navigation pane, go to Sales > Sales Invoices

2. In Sales Invoice list view, click Add

3. Fill out the necessary information.

• Customer

• Date

• Stock Item

• Stock Item Amount

4. Next, enter the item and discount percentage.

• For Example:

• Subtotal: 6,850.00

• Discount: Subtotal * 5% = 342.50

• Taxable: 6,507.50

• Tax: 780.90

• Net Total: ₱ 7,288.40

Discounts can be entered as either a number or a percentage.

• Amount: Exact Amount

• Percentage: include the "%" symbol.

5. Once done, click Save

Note: Applying discount in other forms of Sales and purchase transactions follows a

similar process as demonstrated in the scenario.

Application:

In the Account Journal Entry, the discount has been deducted from the Sales Credit

amount.

System Scope: QNE AI Cloud Accounting / N3 AI Accounting