Home > Supplier Management > Deals, Rebates and Claims > Concepts > Introduction

Deals, Rebates And Claims Introduction

A deal is a discount that is given as a part of the invoice and is deducted on the invoice to arrive at the amount to be paid.

A rebate is revenue you receive after purchasing goods. It is generally paid based on the value of the purchases and may be paid by the supplier and/or manufacturer of the goods. To get your rebates you have to make a claim. This generally involves listing your purchases, working out the rebate amount and sending the details to the supplier. The supplier then sends money back to you for the claim amount. In some instances the supplier pays the claim automatically without you needing to send the details.

The collection of deals and rebates offered to you are collectively known as your trading terms.

A credit note delivered with the invoice is a rebate, not a deal.

Converted from CHM to HTML with chm2web Pro 2.85 (unicode)