This article is for NetSuite Legacy Tax users only. If you use NetSuite SuiteTax, read this article for help with creating discounts.
You can add a discount item to a sales transaction to apply a discount to the items being sold. Using discount items lets you track discount amounts without affecting inventory valuation.
To create a discount item, follow these steps:
- Go to Lists > Accounting > Items > New.
- From the Item Type list, select Discount.
- In the Primary Information section, fill in the following information:
- Item Name/Number: Enter the name or SKU of the discount.
- Rate: Enter the dollar amount or percentage that will be discounted from the transaction as a positive value.
- In the Accounting tab, select an account from the dropdown menu.
- Click Save.