For users who are #NewToNetSuite, understanding the different item types used for transaction management is essential. In previous articles, we discussed about item types that are mainly used for sales or purchases: Inventory Items, Non-Inventory Items, and Clustered Items.

In this article, we will explore four item types that are used for managing transactions: Discount Items, Subtotal Items, Markup Items, and Payment Items.

Discount Items

Imagine offering your customers special discounts on their purchases. That's where Discount Items come in! These items help you apply percentage or fixed amount discounts to sales orders, invoices, and other transactions. Just create a Discount Item, set the discount amount, and it will be applied to the total when you select it during a transaction.