rebate processing & assign provision account

[Former Member]

Hi

When configure rebate processing ,account determination for rebates / assign G/L account / accounting key step we maintain table like below.

application/condtype/chartAcc/salsOrg/Actkey/GL acc/provision acc.

Here I have a doubt.what is the purpose of assign the provision account number

thanks&regards

sagar

[terp_michael]

Hi Sagar,

The provision account number is where the rebate amount from the invoices is posted to during the rebate period. It is posted with an approximate percentage as the precise percentage will only be known, when the agreement is settled. At the time of the settlement the actual sales is summed up and depending on the agreement details a percentage is found to calculate the final rebate amount. The credit note for the settlement will clear the provision account for the amount posted during the rebate period.

best regards

Michael