Pay Rebates Using Credit Memos
Description
When settling by credit memos option, a credit memo will be automatically created for subsequent posting, settling the rebate upon posting.
The settlement method by credit memo can be set at the Rebates Setup level or on the Customer Card page, with the latter taking higher priority.
In the case of settling via credit memo, a sales credit memo will be generated, containing a line of type account for the configured rebate amount. This document serves to record the settlement in the accounting system and update the status of the rebate entry to settled. Once the credit memo is posted, it signifies that the rebate has been delivered to the customer.
When we leave the settlement account empty in the target, the system retrieves it from the iDynamics Rebates settings.
The payment method and terms are retrieved, in order of priority, from the customer card or the iDynamics Rebates settings. If using the customer card, you should enter the new fields in the rebates section for this purpose; otherwise, leave them blank.
After posting, we can revisit the corresponding rebate entry to ensure that the settlement has been correctly applied.
When a rebate settlement is posted after accruing amounts previously, the system will automatically reconcile the accrued amount to maintain process consistency.