Quickbooks Online
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Apply Early Payment Discounts in QuickBooks Online
How to Apply Early Payment Discount on a Vendor Bill Intuit QuickBooks provides step-by-step instructions on to enter a discount on a vendor bill when they pay the invoice with QuickBooks Online. If a bill has already been created and the payment has been processed already, you can create a vendor credit instead:
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Recording Advance Payments to Vendors on QBO
Some vendors might ask you to pay a portion of the price before the complete delivery of a product or service. To record these prepayments or deposits on Quickbooks Online, you can use either of these two accounts: Using Prepaid Asset to track a vendor prepayment First, you need to have a Prepaid Asset account…