Best Practice - Supplier Rebates for Machines
- Diane Partridge
Non cash rebates that are not linked to machines
Suppliers can send you a rebate in the form of a credit line on a purchase invoice. If you require this supplier rebate broken up into it's own account on the general ledger, but do not require this rebate to be tracked against individual machines. Then follow the procedure shown below.
- Set up a General Ledger Account in the right area of the chart to track this rebate if you want to separate it from the general 'Supplier Rebate Received General Ledger Account'. Creating/ Modifying a general ledger account
- Create a Product Category in the Non Stock Product Category area for this Supplier Rebate. Product Categories. No need to set up Stock Quantity adjustment codes.
Assign the General Ledger account that you have set up to stand for the Supplier Rebate GL Account to the following fields on the Non Stock Product Category. An Example on the screen shot below. Also check that the right Costing method has been applied to this non stock category.
Set up a Non Stock Product to stand for this Rebate Received and assign the Non Stock Product Category you have just set up to the Non Stock Product. Ensure the product is set up correctly. Creating a new product