How to create a discount item in the NetSuite Legacy Tax Adapter for GTD

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:

1. Go to Lists > Accounting > Items > New.
   
   
   
   
2. From the Item Type list, select Discount.
   
   
   
   
3. 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.
   
   
   
   
4. In the Accounting tab, select an account from the dropdown menu.
   
   
   
   
5. Click Save.