How does Zoho Books track discounts on inventory-tracked items at the line-item level?
Currently, if you apply discounts on inventory-tracked line items in a bill, the account associated with that item does not reflect the discounted amount (final cost after applying the discount). Instead, the discount is tracked separately under a discount account, rather than the stock account. This leads to inaccurate tracking of the actual cost of items in the inventory.
If you switch to the new flow and apply discounts on inventory-tracked items, the inventory account associated with the line item records the discounted amount directly. This is reflected in the bill’s journal and the Inventory Valuation Summary report. This way, your inventory tracks the actual cost of each item after discounts, rather than the original price.
Scenario:
Aaron records a new item, MacBook M3 worth $500, and enables inventory tracking for it. When he applies a 10% discount and records a bill, the item’s price reduces to $450. This discounted price is tracked under the inventory account he selected while creating the item. It is also reflected in the bill’s journal and the Inventory Valuation Summary report.
Note:
This applies only to bills you create after switching to the new flow. To track discounted amounts for your existing bills, contact our support at support@zohobooks.com.
To view the discounted amount in the Inventory Valuation Summary report:
- Go to Reports on the left sidebar.
- Scroll down to the Inventory section, and select Inventory Valuation Summary.
- Select the item for which you want to view the discounted amount.
In the next page, you can view a list of transactions associated with the item. The discounted amount will appear in the Unit Cost column for the corresponding bill.
Yes
No
Thank you for your feedback!