Setting Up Rebate Agreement Records
After the installation completes, you must set up all the required records to set the conditions for how rebates should be calculated, applied, and settled.
The following records must be created before you create or enter transactions:
Rebate Preferences
When you set rebate preferences, you can specify the rebate eligibility of a customer and item attributes and select the accounting types for the accrual process. The preferences you set are populated in the corresponding agreement details of every new rebate agreement.
To set the rebate preferences, read Setting Rebate Preferences.
Rebate Agreement
Create a rebate agreement to provide instructions for calculating rebates, managing accruals, and processing rebate settlements. This record holds the general terms, including the rebate type, status, validity period, stackability, and entity from whom you can claim or to whom you can disburse rebates.
One rebate agreement is specific to one subsidiary only and cannot be a shared contract across multiple subsidiaries under one parent company.
To create a rebate agreement, read Creating a Rebate Agreement.
Agreement Details
Add agreement details to the rebate agreement to specify the criteria for calculating rebates on sales transactions. These criteria include the eligible customer and item criteria, UOM criteria and calculation UOM, calculation method and amount, calculation basis, and price pass-through.
Create rebate tiers and assign rebate tier values for your selected rebate scheme.
To add agreement details, read Adding Agreement Details.
Related Topics
- Rebates and Trade Promotions
- Rebate Types Used in Rebates and Trade Promotions SuiteApp
- Rebates and Trade Promotions Process Flow
- Rebates and Trade Promotions Limitations and Best Practices
- Setting Up the Rebates and Trade Promotions SuiteApp
- Creating Transactions with Rebates
- Rebates Applied to Transactions
- Rebate Accruals
- Rebate Settlements