Which financial item allows you to give a discount?

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Study for the QuickBooks Certified User (QBCU) Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Multiple Choice

Which financial item allows you to give a discount?

Explanation:
Discounts are applied on a sales form by using a discount item. This specialized item subtracts value from the total, allowing a fixed amount or a percentage off the sale to be recorded cleanly for reporting. Subtotal only shows the sum before taxes and other adjustments, so it can’t itself apply a discount. An other charge adds a fee, not a discount, and a payment item records money received from the customer. So the discount item is the correct way to give a discount.

Discounts are applied on a sales form by using a discount item. This specialized item subtracts value from the total, allowing a fixed amount or a percentage off the sale to be recorded cleanly for reporting. Subtotal only shows the sum before taxes and other adjustments, so it can’t itself apply a discount. An other charge adds a fee, not a discount, and a payment item records money received from the customer. So the discount item is the correct way to give a discount.

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