Entering a vendor rebate

You can apply a rebate or credit a rebate to a vendor’s account. Because rebates are not associated with a specific invoice, you cannot enter an invoice number.

  1. Select Vendor > Entry > Invoice Center.
  2. Specify the group name, and then click New.
  3. Specify this information:
    Vendor #
    Specify the vendor’s number.
    Transaction Type
    Select Rebate.
    Process Type
    Select Expense.
    Amount
    Specify the amount of the rebate.
    Invoice Date
    Specify the date of the rebate.
  4. Optionally, select these options:
    Immediate Pay
    Select this option to apply the rebate immediately.
    Dispute
    Select this option to put this rebate in disputed status.
    Suspend
    Select this option to suspend this rebate. When you suspend a transaction, the transaction is not updated to General Ledger when Final Update is processed.
  5. Click Save.
  6. Update the transactions for invoices that were entered for the group.
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