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Accruals for Rebate

Hi,

What is accruals?

When i create Rebate agreement, in condition type if i enter amount as 5.00- INR per piece & Accruals as 1.00-INR per piece, what will happen?ie. it will consider 5.00 INR per piece rate or 1.00 INR per piece?

Regards,

Amol

Former Member
Former Member replied

Hi

"Rebate credit memo request" is automatically generated by the system when you go for Execute settlement, system gives you a Rebate Credit memo request number.

Rebate Credit memo request is raised against the Rebate agreement (not against the Rebate amount or Accrual ).

We settle the Rebate by paying back the accumulated discount money (posted in FI) which is due to the customer (accrual amount), so here only accrual is important in Rebate.

You can go for Final settlement or Partial Rebate settlement.

If you are going for Final settlement, then system issues a "Rebate Credit memo request" for the total accrual amount accumulated in FI, and the total accrual in reversed/cancelled from FI.

If you are going for Partial Rebate settlement, then you have to go through the settlement via the payment screen, where you can specify the Partial amount you want to settle and system will issue a Rebate Credit memo request for that amount.

From the Rebate Credit memo request, you can create Rebate Credit memo after removing the Billing block and that is how Rebate will be settled.

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