Rebate Payment Setup

Description

Rebates can be settled via purchase credit notes. This method of settlement can be configured in the iDynamics Rebates setup, in the vendor rebate rate, the vendor target or in the individual vendor card. The order of priority from lowest to highest will be: general setup, vendor rebate/target, vendor card.

General Setup

From the iDynamics Rebates configuration, we see the default settlement method in the system.

Rate Setup

From the vendor rebate rate card, we can define the settlement group code, which will take precedence over the general configuration but not over the vendor configuration.

Note

By default, the settlement group code for the rate is empty, indicating that it inherits the settlement method specified in the iDynamics Rebates setup.

Target Setup

From the vendor target card, we can define the settlement group code, which will take precedence over the general configuration but not over the vendor configuration.

Note

By default, the settlement group code for the target is empty, indicating that it inherits the settlement method specified in the iDynamics Rebates setup.

Vendor Setup

From the vendor card we can configure more parameters for the settlement such as payment method and terms, giving priority to this configuration over the general one.

Here, we have fields to filter purchases at the vendor level and determine whether to apply a rebate, such as the Vendor Discount Group and Contact fields for rebates. If we do not want to include this vendor for rebates, we can check the Exclude from rebates box.

Number Series

Custom number series can be configured for each type of rebate settlement document, enhancing identification and traceability from the moment they are created from a rebate movement through to their final posting.

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