Sales Order Entry - Advanced Line Entry - Extended Fields - One Time Rebate overview

The One Time Rebate is a short-term special pricing agreement (SPA), which is a one-time contract you agree to with your vendor to purchase a specific line item at a lower cost. The One Time Rebate requires a valid contract number, to tie the agreed amount and vendor's authorization to a specific line item. The rebate amount is deducted from the cost at the time of purchase.

Before you can use short-term SPA functionality, you must personalize Sales Order Entry to show the One Time Cost and One Time Rebate buttons in the Advanced Line Entry-Extended section. These buttons provide access to the Contract views, which capture the line-specific contract number, dates, and contract costs.

Prior to dropping an order line, access the One Time Rebate-Create New Contract page. Current Information shows relevant product cost information so you can know what your current costs are while negotiating the new rebate contract.

After you have negotiated the short-term special pricing agreement, specify the new rebated cost, the vendor number, and the contract number given to you by the vendor. After you click OK and drop the line, details about the line item transaction are processed when you finish the order and invoice processing is completed. Essentially, you are performing a one-time, on-the-fly PD Rebate Reconciliation Entry entry for a specific line item.

To accommodate foreign currency rebates, system calculations are performed in the vendor currency. The Cost Type field provides access to Last Foreign Cost and Foreign Replacement Cost. The Currency field shows the currency description for the selected vendor.