Rebate credit memo

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

Before you specify rebate information, ensure that the invoice is a credit memo and that the Contract Management system is running.

A rebate credit memo can contain multiple rebate types for multiple due dates. Each rebate type may also be posted to several different GL accounts. You can do this by adding rebate information at the distribution level. When you add rebate information at the header level, rebate information automatically defaults to each of the distribution lines.

You can also add distributions to an existing invoice with rebates when you change the defaulting rebate information at the header level before adding the distributions. This action eliminates the need to override the default rebate information on the new distributions.

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