Settlements

Description

Once we've generated the rebates, we can settle them in various ways: we can use a credit memos, a check, or coupons.

Payment Methods

The different methods of settling a rebate can be configured either at the customer level or generically from the Rebates Setup.

Learn how to set up the payment method for each customer.

Using Credit Memos

If settling by credit memos, a credit memo will be automatically created for subsequent posting, settling the rebate upon posting.

Learn how to settle rebates using credit memos.

Using Purchase Invoices

If settled through purchase invoices, a purchase invoice will automatically be created for the vendor associated with the customer. The purchase invoice is then posted, and the rebate is settled at the time of posting.

Learn how to settle rebates using purchase invoices.

Using Checks

If settling by checks, a journal line will be automatically created in the configured payment journal for subsequent posting, settling the rebate upon posting.

Learn how to settle rebates using checks.

Using Coupons

If settling by sales discount coupons, a coupon will be automatically generated using the configured template for future use, effectively settling the rebate at the moment the coupon is created.

Learn how to settle rebates using coupons.

Accruals

If a accrue has been made, settling the rebates will release the acrrued amount, maintaining accounting consistency within the system.

What happens with any accrued amounts when rebates are settled?.