How Do I Treat a Discount For Bookkeeping Purposes?

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TAX REPORTING

How Do I Treat a Discount For Bookkeeping Purposes?

By The BIDaWIZ Team on September 13th, 2010 at 5:59 pm

Firstly, nice job on offering discount incentives to encourage more customers to use your service. Often times, companies lose sight of the long-term benefits of offering discounted goods or services to new customers. As for your bookkeeping question, it appears as though you are referring to a "sales discount," which is not recorded as an expense. .

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