Manage, track and report on large volumes of complex supplier rebates:
The BEST solution allows you full rebate tracking across the entire process from agreement to purchase to accrual (GR/IR) to settlement. It allows you to identify missing rebates or reduced deductions compared to previous periods. The Audit report help you to reconcile income and accrual GL figures to actual rebate postings. It also helps to identify purchases with no rebate accruals.
Benefits to using Rebates Reconciliation & Reporting
- Track changes to rebates.
- Output a supplier rebate remittance form to substantiate rebate deduction. Send as pdf email attachment:
- Prevent automatic settlement if would credit supplier.
- National rebate and advertising summaries by profit centre.
- Actual comparison to previous periods.
- “What If” Analysis: Project future possible rebate income based on variable percentages.
- List rebate agreements by various selection criteria.