Introduction
In today’s business world, offering discounts can be a powerful tool to drive sales and build customer loyalty. With Empress, you can easily apply discounts on an item-per-item basis, offering you greater flexibility and control over your pricing strategy. This guide will guide you through the process of enabling and applying item discounts in Empress, without the need for any technical jargon.
Feature Name: Item Discounts
Item Discounts is a feature in Empress that allows you to apply cost reductions to individual items on an invoice. This gives you the flexibility to offer varying discounts on different items, which can be a powerful strategy for promoting certain products or clearing out inventory.
Enabling Discount Accounting
To start using item discounts, you first need to enable discount accounting. Here’s how to do it:
- Go to Setup > Settings > General in the Empress interface.
- Look for the checkbox labeled “Enable Discount Accounting” and check it.
Important: Once you’ve turned on Discount Accounting, it cannot be turned off.
After enabling discount accounting, you’ll need to designate an account for it. This will be an Indirect Income account, which you can create using the Chart of Accounts.
Applying Discounts to Items
Once you’ve enabled discount accounting, you can begin applying discounts to items. You can do this by:
- Clicking the edit button on the item row in an invoice.
- In the Quick Edit Form that appears, you can set the discount in two ways:
- Specify a Discount Percent (this is the default option)
- Specify a Discount Amount
After setting the discount, the total discounted price will be displayed. You can also directly set the discounted total, and Empress will automatically calculate the item rate for you.
Applying Discounts After Tax
By default, Empress applies discounts before calculating tax. If you prefer to apply discounts after tax, you can do this by checking the “Discount After Tax” box in the invoice settings.
Choosing when to apply discounts can have a significant impact on your final costs and profits, so be sure to consider your business’s financial management strategy when making this decision.
Summary
The Item Discounts feature in Empress gives you the power to manage your pricing strategy more effectively, offering discounts on individual items to drive sales and customer loyalty. By enabling discount accounting and determining when discounts are applied, you can align your discount strategy with your overall financial management approach. For further assistance or more detailed instructions, please refer to the Empress user guide or contact our support team.