When a vendor offers a subset of your customers a rebate promotion on a product or price line, your company, the vendor, and the customer partake in a three-way transaction. You can set up matrix cells with pricing and costing information to ensure accurate payment of vendor rebates.
The rebate process involves the following setup:
Vendors label rebate offers with the following information on the price sheet:
A contract number.
An effective date.
An expiration date.
A rebated or adjusted cost per item or per groups of items.
A defined sell price to specific customers.
Price lines containing rebate products must have a local basis name assigned to the REBAT-COST global basis name.
Customers entitled to rebates require the following set up:
Identify products that qualify for a rebate, the contract number, the rebate vendor, and rebate expiration date using the customer record or sell matrix.
Define the sell matrix to set the selling price based on a rebated or override cost.
Set up a cost override in the sell matrix for the rebate final cost of the product. Do this before selling the product to ensure rebate reporting is accurate.
The following rebate procedure applies after setup:
Sell the product to customers.
When a customer orders a rebate item, the sell price and rebated cost are applied to the item from the sell matrix cells you defined in the setup.
Print a rebate report. The report documents what you have sold rebate products, and calculates the rebate amount the vendor owes you.
Submit the report to the vendor as a request for payment of the rebate amount.
Process the rebate payments from the vendor by rebate check from the vendor or applied credit to the vendor.
See Also:
Assigning a Basis Name for Rebates
Applying Rebate Information to Matrix Cells