We all look for discounts and sales, but the term "sales discounts" has a special meaning in accounting, and they impact the bottom line of the revenue figures for your business. When a customer takes ...

Recording a discount into an invoice that has already been recorded in QuickBooks requires the creation of a discount item. Once applied, the discount item applies to the item on the line directly ...

Accretion of discount refers to the rise in value of a discounted instrument over time, approaching maturity. Learn how it's ...

Q. If I use a coupon to dine in a restaurant, am I required to pay taxes based on the original/full price of the meal or only based on the discounted amount I actually pay? I do base my tip on the ...