Setting Up Discounts

With discounts, you can sell items at reduced prices without having to set up a sale. On invoices, discounts have a positive quantity and a negative dollar amount. Sometimes, you might want to include discounts in add-on packages.

The price of a discount is the actually the discount amount. For example, if a customer hands you a $5 coupon, you would enter $5 as the price of the discount. TireMaster then turns the $3 into a negative amount.

Discounts can be useful in the following ways:

You can show the discount separately on reports (in a different category or group).
You can ensure that your employees collect a coupon for every discount given.
You can show both the original selling price and the amount discounted on the invoice.
You can track coupon discounts separately from advertisement discounts, which helps you compare these two types of advertising.

Discounts are usually set up as noninventoriable items. To classify an item as a discount, type the letter D in the Type (G, C, F, D) field on the Inventory Maintenance screen.