How to show Discount given to customers

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Contributing Cover User
6 Posts
Contributing Cover User
Contributing Cover User




How to show Discount given to customers



I am running a coffee shop and we give loyalty discounts to our customers on daily basis. Just wondering how can I show such discounts in my account? 

Can I show it as an expense, because it is an actual expense in the business. In last financial year we have given about $10,000 in discount.

How can I enter in to my account?

Suppose if I create a spend transaction in "Banking" then which account should I select in "Pay from"? I have created a undeposited fund account to manage daily transactions. But not sure which one to use in this case.

Moreover, how about GST on discounted amount?


It is bit confusing to understand. Can someone pleaase advice on this.


MYOB Staff Post
701 Posts
MYOB Staff Post
MYOB Staff Post




Re: How to show Discount given to customers

Hello @Hiren46,


There is already a system expense set up for discounts called Discounts given.  When you apply a discount to an invoice when receiving payment it will automatically post the discount amount to that account.  However, you can post directly to that account for the purpose of tracking your discounts on items sold on either invoices or receive money transactions.


Rather than a spend money transaction you would still record it on the invoice/receive money transaction.  Recording it as a negative amount posted to the Discounts given account like so:




And by setting the tax code to GST on the discount line, it will reduce the GST to calculate on the $75.00 in the above example.  If you wanted it to calculate GST on the total $100.00 you would set the tax on the discount line to NTR.


I hope that this is a solution that works for you. Please let me know if you require any further assistance.


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