About rebates and rebate types

A rebate is an amount of money that you get back after making payments for goods or services. When creating a rebate, you can define the rebate type, the rebate percent, and how often you apply for a rebate. After you have defined this information, you can create a set of qualifiers which must be met in order to receive the rebate.

A rebate type is used to categorize your rebates. When you create a rebate type, you can define a contract group and enter a description for the rebate type. After you have added the rebate type, multiple rebates can then be assigned to it. For example, you can create a rebate type named Supplies that includes all supply-related rebates, or you can create another rebate type named Administration that includes all administration-related rebates.

A rebate can be manually added to a contract or added through the interview process (if a question's response type is set to Rebate). After a rebate has been added, it can be applied to an entire contract or to specific items or a category of items within a contract.

A rebate can also be linked to a parent contract where all attached contracts qualify for the rebate. Rebate information can then be defined, tracked, and used for reporting purposes. For example, when invoices are processed in the Lawson Account Payable application, information for the rebate is available.