After the installation of Rebate and Trade Promotions SuiteApp completes, you must set up all the required records to set the conditions for how rebates should be calculated, applied, and settled.
The following records must be created before you create or enter transactions:
- Rebate Preference
When you set rebate preferences, you can specify the rebate eligibility of a customer and item attributes and select the accounting types for the accrual process. The preferences you set are populated in the corresponding agreement details of every new rebate agreement. Go to Rebate Management > Preferences > Preferences > New.
- Rebate Agreement
Create a rebate agreement to provide instructions for calculating rebates, managing accruals, and processing rebate settlements. This record holds the general terms, including the rebate type, status, validity period, stackability, and entity from whom you can claim or to whom you can disburse rebates. One rebate agreement is specific to one subsidiary only and cannot be a shared contract across multiple subsidiaries under one parent company. Go to Rebate Management > Rebate Transaction > Rebate Landing Page.
- Agreement Details
Add agreement details to the rebate agreement to specify the criteria for calculating rebates on sales transactions. These criteria include the eligible customer and item criteria, UOM criteria and calculation UOM, calculation method and amount, calculation basis, and price pass-through. Create rebate tiers and assign rebate tier values for your selected rebate scheme. Go to Rebate Management > Rebate Agreements > Rebate Agreements.