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Rebate Agreement

Logistics : SD and its sub-modules (Inquires, Quotes, Order Entry, SIS, Sales Contacts, Dist. & Billing)

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Rebate Agreement

Postby 3890198 » Sun Mar 15, 2015 6:58 am

Dear Gurus,

Please clear my understanding regarding rebate agreement processing.

1. system book accrual/provision at the time of invoice. (This step is clear for me).
Lets assume system book $1000 provision against an invoice.

2. Partial settlement, we can create credit memo request and than credit memo, to pay the accrual amount to the customer. (This step is clear for me).
Lets say $1000 are pay to customer, as its accrual are book to $1000.

But when I am going for Final settlement, I will get confuse,
a- why final settlement is there.
b- why in this process reverse the above accounting entries as mention in step 2.

When accruals are booked and paid through credit memo why we use final settlement, and I confuse till you made final settlement before that rebate agreement will remain open.

Looking for the gurus feedback in this regard,

Imran khan
3890198
 
Posts: 139
Joined: Sun Aug 03, 2008 11:08 pm

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