Entering Supplier Rebates
Entering the various discounts, rebates and adjustments that may flow to you from your suppliers varies according to the circumstances.
Price or GST Correction
If price of an item has been reduced or increased or if the supplier has incorrectly charged GST or not charged GST:
Usually it would be most appropriate to use today's date for a price correction unless you have specific reasons to back-date it.
This process should be used even if the supplier has simply issued a single credit note with a generic value on it to represent a price decrease. It is most useful for your analysis if the value is assigned to the proper stock codes.
Finder's Fee, Commission, Advertising Rebate, Product Rebate
These are normally considered to be income to you, although the supplier may grant the amount to you by way of a credit against your account. In this instance the supplier is really generating a Recipient-Created Tax Invoice:
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