Rebate

[Former Member]

Hi SAP Gurus,

Can u tell the answers for the following

1. What happens to the accrual amount.

2. How do you do partial settlements

.3.How rebate accruals are done

[Former Member · Accepted solution]

hi,

1)accrual account is to collect various deferred revenue. In the sense like a rebate to be given to a customer, advance collection of money for delivering products etc.

the amount collect here is taken into a different GL account. because though the money is with the company but it is supposed to be paid some time down the line or can only be recognised at a later date.

incase of a customer not fulfilling a rebate agreement, the accrued amount is transferred into the main revenue account.

2) You can enter an accrual rate manually in each condition record. The accrual rate should reflect, as accurately as possible, the rate at which the rebate will be calculated at final settlement.

Every time you process a rebate-relevant billing document (an invoice, a credit or debit memo), the system automatically posts an accrual to financial accounting (FI). Within FI, the rebate accrual is posted to two accounts: a sales deduction account and an accrual account. The accrual account is cleared when the rebate agreement is settled with a credit memo

3) Partial settlements :

We can partially settle a rebate agreement during its validity period. The amount to be paid can be limited in Customizing for Sales. Payments can be:

limited to the cumulative accruals of the condition record

limited to the amount that would be paid if final settlement were presently carried out

unlimited

You carry out partial settlement by using the manual payment screen within rebate agreement processing. On this screen you can specify the amount to be paid for each condition record.

The system will automatically create a credit memo request for the amounts specified.

It will also reverse the accruals with the credit memo if the rebate agreement type is configured accordingly. If the payment exceeds the record’s accumulated accruals, the system will only reverse the accruals which are actually there.

The system gives you the opportunity to carry out additional partial settlements when previous partial settlements remain open in the form of credit memo requests or credit memos. The system always takes open documents into account when determining the maximum amount which you can pay.

When the system carries out final settlement for a rebate agreement, it takes all partial payments into account.

[Former Member]

2.You can also partially settle a rebate agreement during its validity period. The amount to be paid can be limited in Customizing for Sales. Payments can be:

limited to the cumulative accruals of the condition record

limited to the amount that would be paid if final settlement were presently carried out

unlimited

You carry out partial settlement by using the manual payment screen within rebate agreement processing. On this screen you can specify the amount to be paid for each condition record.

The system will automatically create a credit memo request for the amounts specified.

It will also reverse the accruals with the credit memo if the rebate agreement type is configured accordingly. If the payment exceeds the record’s accumulated accruals, the system will only reverse the accruals which are actually there.

The system gives you the opportunity to carry out additional partial settlements when previous partial settlements remain open in the form of credit memo requests or credit memos. The system always takes open documents into account when determining the maximum amount which you can pay.

When the system carries out final settlement for a rebate agreement, it takes all partial payments into account

To carry out partial settlement of a rebate agreement:

In the Change rebate agreement screen, enter the number of the rebate agreement that you want to settle or determine the number by using the matchcodes.

Press ENTER .

Select Rebate payments ® Pay.

Enter the required payments in the field Amt. to be paid along with the condition records.

Press ENTER and check the +/- symbol proposed by the system, correcting it if necessary. The +/- symbol has the following significance:

Negative

The rebate recipient receives the amount as a credit memo

Positive

The amount is charged to the rebate receiver.

If customizing limits the amount which can be paid, the system lists the maximum amount per condition record. An error message will be displayed if the payment exceeds this limit.

To display payment information about an individual condition record, select the condition record and press Payment Data.

If you just need to pay the maximum amount for particular condition records, mark the records and select Edit ® Pay max. amount.

The system will transfer the value from the Maximum Amount field to the Amount to be Paid field for the selectedrecords.

Save the rebate agreement.

You can enter an accrual rate manually in each condition record. The accrual rate should reflect, as accurately as possible, the rate at which the rebate will be calculated at final settlement.

Every time you process a rebate-relevant billing document (an invoice, a credit or debit memo), the system automatically posts an accrual to financial accounting (FI). Within FI, the rebate accrual is posted to two accounts: a sales deduction account and an accrual account. The accrual account is cleared when the rebate agreement is settled with a credit memo.

3.