Rebate-Marketer Accounting Module

Overview
If you sell products for which your vendors allow rebates to your company, the Rebates Module can speed up and make more accurate the application of and accounting for those rebates. The Rebates Module can also be used to discount the cost (and optionally, the price) of any item sold to any customer. Not only does the Rebate Module give you easy reporting of rebate-eligible products to your vendors, it also makes COMPAS use the actual, discounted cost when calculating COGS; your profit reporting will be correct.

SET UP

Function

Description

Rebate Code ID’s

Rebate Schedules by Product

Rebate Inventory Codes

Unlimited number of vendors can be set up with rebate processing

Set up the G/L accounts to be debited/credited
Different combinations for each vendor and/or item, or for the
same vendor
Set the selling price to be changed, or not
Set up a date through which the rebate applies
Set up the amount of the rebate to be applied to each product

Set up rebates only for specified customers or all customers

PROCESSING

Function

Description

Customer Invoicing

Daily Update

Validate/Post Rebate Records

Normal creation/processing of invoices
Automatic flagging of products with rebates

Correct COGS for rebate items calculated and posted
True profit reporting throughout COMPAS

Updates transactions for rebate-eligible products
Updates the Rebate History Report
Adjusts G/L according to the debit/credit combinations set up in Rebate Schedules maintenance program

REPORTING

Function

Description

Rebate History Report

Convenient reporting of vendor activity
Shows transactions with rebate earnings from vendors
Can e-mail to vendor for quicker credit of rebate earnings


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Option	*Rebate Module*