Accounting set up for Discount

In the below image we have set up Purchase & Sales Discount Accounts which will be used in respective documents. You can check the amount of discount in Chart of Accounts.

Here you can see the detailed configuration of discount account set up under chart of accounts for Purchase Discounts.

Here you can see the detailed configuration of discount account set up under chart of accounts for Sales Discounts.

Let's start with the flow of preparing the Quotation.

For preparing the quotation we will click on Sales - Quotation and then click on the create button.

Enter necessary detais and Most Importantly Check the Apply Discount Check Box True. Enter the Quantity, Taxes and etc. Here, taxes , price and all other related will ne calculated in total. You can also select the discount type based on the discount you want to provide to your client it can be fixed or based on percentage.

Here you can see we have selected the percentage method of discount which can further decide based on the % that needs to be given.

Sales Receipt format

Account invoice for the sales order created after confirming the quotation.

Here is the pdf print format of the invoice

Purchase Discount

Now let's see the purchase discount flow for that you can click on Purchase management Module

Let's start with the flow of preparing the RFQ - For that we will go into Request for Quotation and fill out the necessary details including the first part which is checkbox on "Apply discount" further you can set up the quantity and prices which will calculate the total including the taxes you define. you can also apply discount based on fixed or percentage based.

Discount on purchase order line

Here you can see we have selected the percentage method of discount which can further decide based on the needs.Calculation of the discounts and other taxes in purchase order confirmation.

Purchase Report

As default feature in odoo to give discount on sales order line you can also give discount on purchase order lines while entering order line.

Apply discount given on purchase order line in purchase order to vendor bills

Discount you give on purchase order line also will be applied on vendor bills.

Vendor Bill

This is pdf print format of the Bill.

Applying discount on Invoices

When you want to apply discount while creating invoice for that go to Accounting - Sales - Customer Invoices and click on create button.

Fill-up invoice details and apply discount on it

For preparing the customer invoice first, fill out the necessary details including the first part which is checkbox on "Apply discount" further you can set up the quantity and prices which will calculate the total including the taxes you define. you can also apply discount based on fixed or percentage.

Invoice Report format

Setting up of Maximum Discount Limits

To set up maximum limits of discount allowed as an admin you can go to purchase - Discount - Discount types - To set up the maximum limits on fixed and percentage basis you can click on the respective discounts.