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Chapter 6

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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.

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Last modified: May 21, 2004