Accrue Rebate Amounts
Description
A period is a timeframe within rebates are applicable, and within each timeframe, we can establish the customer targets to trigger the rebates.
Configure Accruals
Within Rebates Setup, we have the Accruals section where we can configure the source and destination accounts for accruals, as well as the serial number.
Accrual Source Account No. Specifies the account from which amounts are transferred to the account for rebate accruals.
Accrual Account No. Specifies the account where amounts are accrued to pay rebates to customers. Once rebates are paid, the amount is transferred from this account to others, depending on the settlement method.
Rebate Accrual Nos. Specifies the code for the number series used to assign numbers to the G/L entries generated when rebate accrued amounts are transferred between different accounts.
Accrue Amounts
To make accruals automatically in accounting, we only have to click on the Accrue Amounts button, review the future entries, check the posting date, the estimated payment date and accept. This button is available at both the customer target and period levels. It is important to remember that currently is used the working date of Business Central as the cut-off date.
You can make accruals for sales rebates with a specific cut-off date or milestone. In addition, you can choose the percentage of the rebate to accrual.
Check Accruals
Once generated, we can consult them from the Accrual Entries button. This button is available at both the customer target and period levels.
Release Accruals
When an accrual entry has been previously made for the rebate by the Accrue Amounts action, when the rebate settlement is posted, the system will automatically settle the accrual to ensure the consistency of the entire process.