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Payee – Select the customer or vendor to whom you will disburse rebates.Īside from the dropdown list, you can use the List Search links included in the field to find the customer or vendor entity. Payer – Select the customer or vendor from whom you will receive rebates. When you select A/P Debit or Bill, a list of vendor entities is shown. When you select A/R invoice or Credit Memo, a list of customer entities is shown in the Payer/Payee field. This field is required when the Auto Claim or Auto Disburse box is checked.Ī/R Invoice - Generates an accounts receivable invoice to claim the rebate amount.Ī/P Debit - Generates a vendor credit to apply to future purchases or existing balances.Ĭredit Memo- Generates a credit memo as a reduction of receivable balance.īill- Generates a bill (vendor bill) for disbursing rebates. Select the settlement method for paying or receiving rebates. If you create a rebate agreement from the Rebate Agreements List, or on the Rebate Agreements navigation, you can manually select a value for this required field.Īuto Claim – When receiving rebates, check this box to automatically initiate a claim process for transactions with applicable rebates.Īuto Disburse – When paying rebates, check this box to automatically initiate a disbursement process for transactions with applicable rebates. The value in this field is sourced from the payment type you selected in the Rebate Landing page. Sale transaction type is selected by default. This read-only field displays the agreement number that the system generates after saving the record. The selected subsidiary affects the list of options in the dropdown list for the Accounting Item and Payee/Payer fields. Select the subsidiary for which you create the rebate agreement. You can also set the status to expired manually and change the Agreement End Date to a current date.Įnter relevant information for future reference.
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The system can still process settlements for expired rebate agreements. The status automatically switches to Expired after the planned end date passes.
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The system can still process settlements for On Hold rebate agreements. On Hold- Select this status if rebate agreements that are Active and Planned can be place on hold.Īll rebate transactions created before putting the agreement on hold are included in the accruals. During settlement, the system calculates rebate payment amount based on the cumulated sales volume and creates a rebate credit memo. Select a past date or a current date for the Agreement Start Date and select a future date or a current date for the Agreement End Date. Rebates are applied to eligible transactions. The status automatically switches to Active when a planned start date occurs.Īctive- Select this status if the rebate program has started. Select a future date for the Agreement Start Date and Agreement End Date. Planned - Select this status if the agreement details are complete, but the rebate program has not started. Select a start date that is either a past date, a current date, or a future date. The status automatically switches to Complete after all rebates are fully settled.ĭraft- Select this status if the agreement details are incomplete. Read Editing Rebate Agreements and Agreement Details. You can select On Hold and Expired only when you edit an existing rebate agreement.