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Rebate Settlement Error


I am doing reabte partial settlement, system is not posting the reversal of rebate accrual posting which happened to normal invoice process, only system is posting accounting for Rebate A/C dr to Customer A/C Cr.

Please let me know what are the steps we need to follow to reverse the reabte accrual accounting entry i. e Rebate A/C dr to Rebate payable A/C.

1. When invoice is posted apart from other entries following entry also generated.

5100000060-SALES REBATES A/C Dr $50

2350000120 - Rebate payable A/C Cr $50

2. When rebate settlement is doing i.e. credit memo is creating for customer

5100000060-SALES REBATES A/C Dr $50

2013 Customer A/C Cr $50

2350000120 - Rebate payable A/C Dr $50 { This is reversal of 1st accounting entry is not posting}

5100000060-SALES REBATES A/C Cr $50


ramesh b

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