Rebate Settlements

Rebate settlement is when you settle the accrued rebates with the payee or payer on the rebate agreement by generating a claim or disbursement.

You can settle rebates automatically or manually. For more information, see Automatic Rebate Settlements and Manual Rebate Settlements.

• Rebate Claim – When you receive rebates, you can generate a claim for your payer to receive payments for the rebates that you earned.

  The rebate claim process creates a vendor credit or invoice. Vendor credits are created if the payer is a vendor entity, while invoices are created if the payer is a customer entity. You can select these settlement methods when you setup the rebate agreement.

• Rebate Disbursement – When you pay rebates, you can send payments to your payee or rebate recipient for the rebates you incurred.

  The rebate disbursement process generates a credit memo or vendor bill. Credit memos are used if the payee is a customer entity, while vendor bills are used if the payee is a vendor entity. You can select these settlement methods while creating a rebate agreement.

Except for agreements without an end date, a final rebate settlement occurs after the rebate agreement’s validity period ends. Only accrued rebate amounts for Active, On Hold, and Expired rebate agreements are available for settlement.

Before settling a rebate, you can generate a pro forma to view all the transactions and check if the settlement details match what you expect to earn or pay. For more information, see Pro Forma Generation.

General Notices