How Do I Add An Item Rebate?

This section explains how to add trading terms for a single item.

1

Select the Items task from the Main Menu.

2

Start the Items task from the menu.

3

Find the item that the trading term is for (press the Item button to start the search).

Use the IPN or Description to narrow the search.

4

Click the Trading Terms tab to view the selected items trading terms.

 

5

Click the New button btnSmallNew.gif (1125 bytes) above the Trading Terms grid to add a new trading term,

6

Select the Income Type field as to how the trading terms will be paid, that is Off-Invoice or Claim.

7

Enter the date range the trading terms are effective. If you leave the date empty, the trading terms becomes effective immediately and remain effective indefinitely.

8

Enter the Supplier code or click the button to perform a search.

9

In the Location field, enter the code of the location that the rebate applies to. This can be a location group in which case the trading terms apply to all locations within the group. If you don't know the code, click the button to perform a search.

10

Trading terms commonly have names given to them, for example Assured Rebate, Star Bonus, and so on. Select the name of the trading terms from the combo-box in the Term Description field.

11

Trading terms can be either a dollar amount or a percentage. Enter the value (don't worry about the type just yet) in the Term Amt column. For example, for a $10.00 rebate, enter 10. For a 2.5% deal, enter 2.5. Now you need to tell the system whether the trading terms was a dollar amount or a percentage, and whether it is inclusive or exclusive of tax. Select the appropriate units.

12

You now need to select the rebate type.

A Discount rebate means that this can be treated as guaranteed income. It is an adjustment to an amount already charged on a Tax Invoice. The supplier will give this to you with an Adjustment Note.

A Target rebate means that the income is not guaranteed. This has no impact on your GP and needs to be manually claimed. It is an adjustment to an amount already charged on a Tax Invoice. The supplier will give this to you with an Adjustment Note.

A Service rebate is where you provide a service for the supplier, for example advertising. You need to charge this back to the supplier with a Tax Invoice. It has no impact on your GP calculations.

A Service Cost rebate is basically a Service rebate but is basically treated as guaranteed income and is included in GP calculations.

13

Repeat Steps 5-13 for all the rebates you need to enter.

14

Click the Save button.

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