Rebate

[Former Member]

hi sap gurus,

Can u ask some of the typical questions in Rebate.( which are asked in interviews).

[Former Member · Accepted solution]

hi.

1.how do you do partial settlements

2.how rebate accruals are done

3.how rebates are different from discounts

4.why we need to give discoutns

5.whats the secnod GL account used in revenue determination for

6. Any link with rebate and second GL acc in VKOA.

7. What happens if the custome has not fulfilled the rebate agreement.

8. what happens to the accrual amount.

Also pl check this link on rebates :

<a href="http://www.sap-img.com/sap-sd/how-to-do-rebate-processing.htm">Rebate Processing</a>

Thanks

sadhu kishore

[Former Member · Accepted solution]

hi sap gurus,

Can u give the solution for the following

1.whats the secnod GL account used in revenue determination for

2. Any link with rebate and second GL acc in VKOA.

[Former Member · Accepted solution]

hi rajesh,

The First GL Account column is to enter the GL Accounts to which Revenue is posted. The Second GL Account field is normally kept blank. But if you have a business process wherein on billing, you want the revenue to be posted to an Accrual Account, then you maintain the Balance sheet Accrual Account in the Second GL Account column. This would generally be used for Business processes where revenue is recognized not based on billing but is recognised separately

For example incase of a media industry (Newspaper Subscription). In subscription, you collect the money from the customers in advance for the subscription period but delivery of the newspaper happens on a daily basis.

Therefore, in a such a scenario, you do not recognise the Revenue when the money is collected but the revenue is recognised after the newspaper is delivered to the customer. In such a case, when billing is done upfront, the total amount received is considered as a Accrued Revenue and Posted to the GL Account entered in the Second Column,

Then there is a separate process like revenue recognition by which the revenue is transferred from the Accreud Revenue Account to the Revenue Account (First column)

Thanks

sadhu kishore

[Former Member]

1.What is the rebate and how diferent discount

2.What are the control parametrs for rebate

3.Define the Rebate Agreements

4.What are the Accruals

5.How you Settle the Rebate Agreements

6.What is the menaning of Lump sum payments andAccruals correction

7How you .Post Accruals Manually

.

[Former Member]

Hi

The FAQ are

What is Rebate?

What is Accruals?

How rebate is different from Discount

What are all different types of Rebate

How can you settle the rebate?

Reagards

MBS