Cost Reduced Bill Back Settings
(CRD Codes)
Access
Support Files: GL Account.
Use this routine to establish and maintain the CRD (cost-reduced discount) codes you use when processing cost-reduced bill-back purchase credits. To enter CRD discounts during Purchase Order entry, you must create at least one CRD code using this routine. CRD purchase credits are a “hybrid” of the existing bill-backs and DFI’s (deduct from invoice).
When you apply a CRD to a purchase order line item, the system
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uses the discounted cost as the receipt cost (similar to a DFI),
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debits the inventory general ledger account, and
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debits the costing table.
When you approve the AP bill for the product, the system
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creates a vendor receivable open item for the discounted amount (similar to a bill-back),
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debits the vendor receivables account, and
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credits the CRD general ledger account.
Cost Reduced Bill Back CodeEnter the code you want to represent this CRD purchase credit. You can enter up to six alphanumeric characters. If you click the Search button at this field, a read-only lookup window appears, from which you can choose an existing code.
DescriptionEnter a description of this CRD code. You can enter up to 20 alphanumeric characters. If you click the Action button, the Description Field - Language Translation Entry screen appears.
General Ledger AccountEnter the General Ledger account you want to credit when applying this CRD code. If you click the Action button, the GL Account Entry Screen appears, which you can use to specify the GL account.
Include Service PartsTo allow this CRD code to be used to apply discounts to customer service parts, click the check box at this field. Otherwise, leave the field blank.