What are Discounts?
The Discounts section allows you to create and manage promotional offers and price reductions that you can apply to your sales. Whether it’s a seasonal sale or a loyal customer reward, this section helps you track how much you’re discounting.
In Simple Words
Discounts are price reductions you offer to customers (e.g., “5% off” or “Summer Sale 10%”). Instead of manually calculating a lower price every time, you can set up predefined discount types here.
When you create a discount, you enter:
- Name: A clear title for the offer (e.g., “New Customer Discount”).
- Percentage: The amount to be deducted from the price (e.g., “5”).
- Description: An optional note about who the discount is for or when it expires.
After saving, you can choose these discounts from a dropdown menu when creating invoices or orders. The system then automatically reduces the total amount by that percentage.
Managing Your Offers
- Discount List: See all your active discount types in one place.
- Easy Application: Quickly apply “No Discount”, “Summer Sale 5%”, or any other saved offer to your sales documents.
- Reporting: Track the total value of discounts given to understand the impact on your revenue.
Where to Find It
You can find these settings by navigating to: Accounting Setup in the sidebar → Discounts.
Use descriptive names for your discounts so that when you review your sales reports, you can easily see which promotions were the most popular with your customers!
