Managing Discount Types

VenueOps allows you to set up standard flat and percentage discount types which are then easily applied to events. You can also tie these types to specific GL codes, allowing you to record discounts in their own ledger account.

This article will walk you through:

  1. Click your name in the upper-left corner.
  2. Click Inventory & Prices.
  3. Click Setup.
  4. Click Discount Types.

Adding Discount Types

  1. Click the + add icon. This will open the Create Discount Type slider.
  2. On the slider:
    1. Type a name for the discount type.
    2. Select whether discounts of this type will be a Flat amount or a Percentage of each charge they are applied to. If you select Percentage, you will need to enter a default Rate, as well. (This default can be overridden when creating discounts of this type.) The Rate field will not display if Flat is selected.
    3. Optionally, you can select a GL Code for discounts of this type. Clicking in the field will expand a list of available GL codes. You can begin typing the name of a GL account or its code to filter the list.
    4. In most cases, taxes need to be collected for amounts after discounts are applied. For this reason, Taxes apply to post-discount amounts will be checked by default. If taxes need to be calculated based on pre-discount amounts, uncheck Taxes apply to post-discount amounts, then select which taxes apply before the discounts.
      Most of our clients will not have a reason to uncheck this option.
  3. When you are done setting up the discount type, click Save.
  4. Repeat these steps to add as many discount types as you need.

Editing Discount Types

  1. Click a discount type to open its Edit Discount Type slider.
  2. On the slider, you can:
    1. Update the discount type's name.
    2. Switch the discount type from a Percentage rate to a Flat rate and vice versa. You can also adjust the default percentage rate. (This default can be overridden when creating discounts of this type.) The Rate field will not display if Flat is selected.
    3. Update or remove the GL Code for discounts of this type. Clicking in the field will expand a list of available GL codes. You can begin typing the name of a GL account or its code to filter the list.
    4. If taxes should not be charged until after discounts of this type are applied, leave Taxes apply to post-discount amounts checked. If taxes should be charged before the discounts are applied, uncheck Taxes apply to post-discount amounts. You will then need to select which taxes apply before the discounts.
      Most of our clients will not have a reason to uncheck this option.
  3. When you are done updating the discount type, click Save.

Inactivating Discount Types

  1. Click the discount type you want to inactivate to open its Edit Discount Type slider.
  2. In the slider, toggle Active off.
  3. Click Save.
  4. By default, inactive discount types will not appear in the list. You can click the eye icon to toggle whether they are visibility shown or visibility_off hidden.

Still need help? Contact Us Contact Us