How To: Billing Vendors (04-32-10)
Overview
This selection is used to bill all vendors for their instant rebate(s). When you click the Update button, the accrued instant rebate amounts are moved to the appropriate Accounts Receivable and General Ledger accounts.
Special Notes
- When a vendor is billed for an active plan, only delivered sales transactions are included.
- When a vendor is billed for an inactive plan (the final bill has been issued and the ‘Final billing’ box is checked in Plan Setup), both written and delivered sales transactions are included.
- When billing a vendor for a plan that has expired and you are past the number days indicated in the ‘Final billing after end’ field, the plan automatically becomes inactive and the ‘Final billing’ box is checked. However, if a plan has expired and there has not been any activity for that plan (new transactions, shipped orders, etc.) since the ‘Last date billed’ and you are past the number of days indicated in the ‘Final billing after end’ field, the plan does not process a final bill. You will need to manually check the ‘Final billing’ box for the plan to become inactive.
Step-by-Step
- At the ‘Bill instant rebates now?’ prompt, click Yes.