Create a discount

How to create a discount in NetSuite SuiteTax with taxes from Tax Determination.

Note:

This article is for NetSuite SuiteTax users only. For the legacy version, read the Discount section from the NetSuite Legacy Tax documentation.

Before creating a discount item, you must create a Sovos customization element with the following details:

Sovos Field ID: Sovos discount type (see step 5 for a list of discount types)
NetSuite Field Level: Item
NetSuite Field ID: The name of the field in the discount item that has the discount type

Go to Lists > Accounting > Items > New.
In the Item Type column, click Discount.
In the Item Name/Number field, enter a name for the discount.
In the Rate field, enter the dollar amount or percentage that will be discounted from the transaction.
Rates should be positive values. If the Rate field has a negative value, you'll get an error when applying the discount to a transaction.

In the Display Name/Code field, enter the number of the discount type:


Number	Discount type
1	Discount
2	Prompt Payment Discounts
3	Quantity Discounts
4	Retailer Coupon
5	Manufacturer Coupon
6	Rebates
7	Trade-Ins
8	Reward Program/Retailer Coupons
9	Reward Program/Manufacturer Promotions
10	Reward Program/Credit Card Company
11	Gift Voucher

On the Accounting tab, select Account, then select an account from the dropdown. Click Save.

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