The following describes the accounting transactions the system creates when you credit a claim made for a SMS rebate payer where SMS rebates have been rejected using claim method P (A/P rebate claim). During this crediting claim process bookkeeping transactions are generated and (if Financials is installed) automatically transferred to Financials.
It is possible, for credit rebate claims with Claim method = P, to specify on which level the transactions should be summarised before the transactions are transferred to A/P.
A/P summary level:
1=Per Rebate claim
2=Per Rebate claim / agreement
In this example the SMS rebate created and claimed in (Accounting) Claim of SMS rebate transaction, A/P is being credited. Only SMS rebates for 10 items of the original quantity of 12 are approved by the SMS rebate payer. The result is that 2 of the items must be credited.
Prerequisites
| Original sales order | |
| Invoiced qty item | 12 |
| Sales price item | 200.00 |
| Cost price item | 50.00 |
| VAT item | 17.5% |
| No discounts | |
| No fees | |
| Fixed SMS rebate item | 10.00 |
| Claim method | P |
Created transactions
The following transactions are created:
| Transaction type | Description | Amount Debit |
Amount Credit |
Calculation/Result/Additional info | |
|---|---|---|---|---|---|
| 639 | SMS COGS adj. Sales | 20.00 |
This is the SMS cost of goods sold adjustment due to the crediting of the SMS rebate for 2 of the items. |
||
| 638 | SMS A/P claim VAT | 3.50 |
This is the VAT amount for the SMS rebate for the 2 items that are credited. |
||
| A/P | To be accounted on Account Payable | 23.50 |