Program Adjustments

In this topic, you will learn about Program Adjustments.

Rate adjustments enable you to revise rebate amounts on active customer rebate programs without recreating the program for any period between the program effective dates. The application recalculates the rebate amounts based on the new rates and creates accruals for the difference in the rebate amounts.

You can use rate adjustments to:

• Respond quickly to market changes by updating rebate rates for existing product lines with flexible past, current, or future effective dates.
• Maintain financial accuracy by applying revised rates without repricing sales orders that have already accrued.
• Reduce administrative effort by updating active rebate programs instead of rebuilding programs or manually calculating the difference and creating manual adjustment.

After submitting the adjustment, run the Create Accruals for Program Adjustment scheduled process to process the adjustment. Once the scheduled process completes, the adjustment is moved to Closed status. To view the changed accruals, navigate to the Checkbook tab and drill-down to Earned to download the transaction details.