To give an early payment discount

After you have recorded the customer payment in the Receive Payments window, follow the steps below to enter the discount.

1. Open the Sales window and select the Miscellaneous layout.
2. Enter the customer's details
3. Type "Discount for early payment" in the Description field.
4. Allocate the sale to the Discounts Given account. This is an expense account. (If this account doesn't exist in your Accounts List, you will need to create it first. See Creating accounts.)
5. Enter the discount as a negative amount in the Amount field.
6. Record the transaction. BusinessBasics automatically creates a credit note for this amount. This amount can either be refunded to the customer or applied to a future invoice using Settle Returns & Credits. See Handling customer credits for more information.