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 DC1 Financials is installed) automatically transferred to DC1 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 |