How to Change Vendor Discount Account in QuickBooks
When you receive a discount from a vendor for paying early, and it was posted to the wrong chart of accounts, how can you change the account after it is already reconciled in the bank? Thanks.
Luckily, changing the account used for a vendor discount doesn’t affect the reconciliation status of the check. All you need to do is open the check and click the little Discount button at the bottom. It’ll bring up a popup window with the amount of the discount and the account originally used. Just change the account, click OK and then Save & Close.
Comments are closed