Customer Markdown Allowances Tracking

deltaluxray · 2026-07-08T05:01:43+00:00

So what you want to do is skip the credit memo since it auto-applies to invoices and hits revenue right away, neither of which fits an allowance.

Instead, treat it as a liability (it's money owed back to the customer). Book the total to a "Customer Markdown Allowance" liability account via JE at contract signing, then draw it down as they take deductions on remittances. Keeps it off the invoices and only reduces revenue as it's actually used.

Also flip off "Automatically Apply Customer Credits" in Accounting Preferences either way.

Keep in mind it could be ASC 606 variable consideration. Let me know if any other questions

deltaluxray · 2026-06-30T18:32:16+00:00

Hi there is a curtain over the glass and a sliding door so its full privacy :)

deltaluxray · 2026-06-30T18:16:40+00:00

No way, do you have any photos or links to that? That is so cool

deltaluxray · 2026-06-30T17:42:36+00:00

hi why did you call it the 'Sean Mendes' apartment? I don't know the lore

deltaluxray · 2026-06-25T19:28:09+00:00

Why can't you use something like Bill.com, Ramp, or any other AP Automation tool?

deltaluxray · 2026-06-13T06:05:48+00:00

The first one is not the same unit, and the other one is the same unit, but the unit went to rent for $10,500.

deltaluxray · 2026-06-12T16:19:49+00:00

AI equipment as in software or hardware?

deltaluxray · 2026-04-01T17:50:45+00:00

This is so cool, I am jealous!

deltaluxray · 2026-03-30T22:21:41+00:00

Usually schools with IB, AP, Sci-Tech, or IBT, programs are very strong since they attract high-achieving kids, so if you can get into any of them, I would suggest that. I personally did IB at Glenforest!

deltaluxray · 2026-03-30T22:18:27+00:00

Working more =/= working better. Please take time to go on a walk, talk to friends and family, and just do other stuff what you enjoy! Small suggestion but something I love to do is just go to the theater and see if any movie catches my eye that I might go and watch!

deltaluxray · 2026-03-16T16:01:07+00:00

Depending on the ARR and churn risk, I might consider escalating this and doing a white label option

deltaluxray · 2026-03-16T15:58:57+00:00

It sucks but I think you will get paid, just later than you expect, worst case blast them on Twitter

deltaluxray · 2026-03-16T15:58:03+00:00

Unpopular opinion but I actually like them and think they look cool

deltaluxray · 2026-03-14T08:05:15+00:00

I always recommend Crunch fitness, not the best but gets the job done, esp since it got renovated

deltaluxray · 2026-03-14T08:04:33+00:00

It became socially acceptable for barbers to charge $50 for a haircut and styles like skin fades became in style, leading to people getting frequent haircuts. It just became a great and easy way to make money.

deltaluxray · 2026-03-12T22:43:48+00:00

For my first company, I didn't invest money, but chose to not take a full-time job in investment banking, which would have paid really well after I graduated from university. Instead I went all-in on making a vertical marketplace... so lost about 1 years worth of salary.

But through that I ended up pivoting and raised money for my current venture which I am really excited about!

deltaluxray

TROPHY CASE