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Quantum VS Help: File Maintenance |
Supplier Rebate records are used for recording the details of an agreement with a Supplier, on the basis that they will provide you with a rebate when you purchase a certain quantity or value of a certain product or group of products from them.
Subsequently, when goods for which a rebate applies are ordered, received into stock and invoiced, the aggregate 'claimable' rebate value which has accrued for the product or product group will be displayed within the applicable Supplier Rebate record.
Note: The rebate value displayed is an 'expected' or 'claimable' rather than an actual monetary value. When, and in what form, you will claim the monetary refund from the Supplier is left to your own discretion.
To set up Quantum VS for processing Supplier Rebates see Setting Up Quantum VS For Supplier Rebates.
To understand how Quantum VS updates rebate values once a Supplier Rebate record is in place, see Example: How Quantum VS Processes Supplier Rebates.
To view 'expected' or 'claimable' rebate values see Monitoring GRN And Invoice Rebate Quantities.
On entering into a rebate agreement with a Supplier you will need to create and save a Supplier Rebate record which specifies the Supplier account, details of the Product(s) on which the rebate will be paid, and the percentage rebate applicable.
Additional fields enable you to specify whether the rebate is ongoing or time-limited, whether - and, if so, at what stage (e.g. at goods receipt or Purchase Invoice Registration) - the product's stock cost will be updated to reflect the applicable rebate, and whether the rebate will be applied to stock orders, direct orders or both.
See Creating A Supplier Rebate Record.
Supplier Rebate records may be amended and deleted as required when rebate agreements have changed. See:
Existing Supplier Rebate records are displayed in, and may be accessed from, the Finder. See Finding Supplier Rebate Records.
This section covers: