When you click the Save button to apply the vendor rebate to the allocated pieces via the Enter a Vendor Rebate process, the rebate amounts are applied as follows.
If the Vendor Rebate Chargeback Method field in Purchasing Control Settings is set to Vendor Receivable:
- Vendor Receivable is debited for the amount of the rebate
- A vendor receivable is created
If the Vendor Rebate Chargeback Method field in Purchasing Control Settings is set to Accounts Payable:
- Accounts Payable is debited for the amount of the rebate
- An AP Bill is created
Rebate Revenue is credited for the amount of the rebate
Rebate Contra-Revenue is debited for the amount of the rebate
The allocated pieces are cost-adjusted by the amount allocated to each piece
For allocated pieces that are on-hand:
- Inventory Value is credited for the amounts allocated
- Written Costs are unaffected because they use average costs
For allocated pieces that have been sold:
- Valuation Difference is credited for the amounts allocated
- Commissions are adjusted
- STORIS performs a delivered business adjustment that is reflected in Sales Analysis Reporting, EIS, Data Warehouse, and View Summary of Sales Activity.