Rebate credit memos

Some rebates can be settled through a credit memo sent by the issuing vendor. This credit memo with the rebate information can be added in the Payables system like any other credit memo.

Before you specify rebate information, verify that the invoice is a credit memo.

A rebate credit memo can contain multiple rebate types for multiple due dates. Each rebate type can also be posted to several different Global Ledger accounts. Do this by adding rebate information at the distribution level. When you add rebate information at the header level, rebate information is the automatic default to each of the distribution lines.

You can add distributions to an invoice that has rebates when you change the rebate information at the header level before you add the distributions. This action eliminates the override on the default rebate information on the new distributions.

If you purge rebate information from the header, all rebate information is removed from the distributions because the invoice is no longer identified for rebates.