How to Record a Payment-In Discount in myBillBook

Written By Team Flobiz

Last updated 16 days ago

Overview

Many businesses offer early-payment or last-minute discounts at the time of receiving money- after an invoice is already created. Earlier, this required manual adjustments or credit notes.

myBillBook now lets you record a Payment-In Discount directly while settling invoices.
This keeps invoices intact, ensures correct TDS calculations, and maintains clean, audit-ready books.

Key Things to Know

  • Payment-In Discounts do not change invoice amounts

  • GST filings remain unaffected

  • Discounts are recorded as Discount Allowed (Expense)

  • TDS (if applicable) is calculated after discount

How to Record a Payment-In Discount

Step 1: Go to Record Payment-In

  • Open Sales → Invoices

  • Select the invoice (or multiple invoices)

  • Click Record Payment

Step 2: Enter Payment Details

Fill in:

  • Amount received (can be ₹0 if only discount is given)

  • Payment mode

  • Payment date

Step 3: Add Payment Discount

  • Add Discount amount under “Payment-in Discount”

💡 If TDS applies, it will be calculated on (Invoice Amount – Payment Discount)

Step 4: Review Payment Summary

Before saving, review:

  • Invoice Amount

  • Payment-In Discount

  • TDS (if applicable)

  • Net Amount Received

  • Remaining Balance

Step 5: Save Payment-in

Once saved:

  • Discount is posted as Payment In Discount in Payment History

  • Cash/Bank shows net received amount

  • Invoice outstanding updates correctly

Special Scenarios

Recording Only a Discount (No Cash Received)

Yes, this is supported.

  • Enter ₹0 as amount received

  • Add the discount

  • Save payment

This is useful when settling small balances purely via discount.

Partial Payments & Multiple Invoices

  • Apply discounts across multiple part-payments

  • Use one discount to settle multiple invoices

  • Discount allocation can be adjusted before saving

Will This Affect GST or Invoice Profit?

❌ No.

  • GST filings remain unchanged

  • Invoice-level profit stays the same

  • Discount is treated as a payment-time expense

Where Can I See These Discounts?

Payment-In Discounts appear in:

  • Profit & Loss → Discount Allowed

  • Cash/Bank statements

  • Ledger & standard reports

  • Inventory item transaction history (with discount visibility)

Important Notes

  • Older payments remain unchanged

  • Users on older app versions won’t see the discount option

  • Role & permission rules apply as per your account settings