How to apply vendor payment term discounts on bill payment?

Welcome to the Community, Rshapot. Let me help you with your bill payment discount concern in QuickBooks Online (QBO).

Applying discounts directly to a vendor bill payment is not possible. However, as a workaround, we will need to make some adjustments to the bill and include the 2% discount as a separate line item. Once this modification is made, we will mark the bill as paid with the discount applied.

Here's how we can add the discount to the bill:

1. Go to Expenses, then click Bills.
2. Locate the bills you want to apply the discount, then open them.
3. On the billing page, go to the Item Details section.
4. Click the + Add new, then choose the Product/Service information.
5. Enter the necessary details needed. Once done, click Save and close.
6. Once you have created the item, type in the details in the line item. Ensure to have the amount and rate as negative as this is a discount.
7. When finished, click Save and close.

Furthermore, you can visit this article to gain more knowledge about product and service items in QBO: Add product and service items to QuickBooks Online.

Additionally, you can create and customize reports to have an overview of how your financial business is running in QBO:

• Run reports in QuickBooks Online
• Customize reports in QuickBooks Online

Don't hesitate to return and add comments on this post if you have more inquiries about adding a discount to a bill in QBO, Rshapot. The Community will be here to answer them 24/7.