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credit entry: why are discounts you give customers considered income??

they are not income, though they normally post to a sales income discount account, the posting is a debit which lowers overall income.  It is called a contra account.

ie

sales income 3,000.00  (credit entry in accounting)
>>sales income discount 250.00 (debit entry in accounting)

gross income 2,750.00

Resolution for 'credit entry issue: 'why are discounts you give customers considered income??' available: Yes.

The credit entry issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the credit entry issue yourself by looking for a resolution described in the article. If it is a complex credit entry issue or you are unable to solve the issue, you may contact us by clicking here or by using other credit entry support options.

For more information about resolving issues related to credit entry in Quickbooks/QBO or to get support for the issue 'why are discounts you give customers considered income??', click the link below:

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credit entry: For some reason my linked American Express account is showing the transactions in the wrong field. Charges are payments and payments are charges.

QB does what the import of data says to do, sorry to say the problem is with the data from amex.

They have credits and debits reversed in your data stream. and you will have to either reformat the import file or work with them.

When you do accounting for a bank, […]

Resolution for 'credit entry issue: 'For some reason my linked American Express account is showing the transactions in the wrong field. Charges are payments and payments are charges.' available: Yes.

The credit entry issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the credit entry issue yourself by looking for a resolution described in the article. If it is a complex credit entry issue or you are unable to solve the issue, you may contact us by clicking here or by using other credit entry support options.

For more information about resolving issues related to credit entry in Quickbooks/QBO or to get support for the issue 'For some reason my linked American Express account is showing the transactions in the wrong field. Charges are payments and payments are charges.', click the link below:

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