Discount items

Discount items XE "discount item" XE "item:discount" are generally set up with percentage figures, but can be fixed amounts. When any percentage item is used on an invoice, the value is calculated as a percentage of the one non-percentage item immediately above. To apply a discount to a number of items, a sub-total is first entered. The discount item is entered next, and the discount is taken on the sub-total amount. Note that this item requires an account, usually a discount expense account.

When a discount is applied, the percentage may be changed, or a definite amount may be entered. Fractional percentages are allowed. Discounts are entered without a minus sign, but appear on the invoice as a negative number.