Please explain:
Rebates?
Contracts?
Credit Management?
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Answer Posted / manoj kumar guin
REBATES :A rebate is a trade allowance which is going to be
paid retroactively to customers based on their accumulated
sales on sales volume over a defined period .
Rebate agreement types :
1 .Group rebate (0001)
2 .material rebate (0002)-based on material
3 .customer rebate (0003) -based on customer
4 . heirarchy rebate (0004)
5 .Independent of sales volume (0005)
The rebate agreement has a separate condition record for
each product that customer buys .Theses condition record
specify the rebate amount or percentage .Due to the
customer for each product with sale a rebate agreement is
finally settled when a credit memo is issued to the
customer for accumulated rebate total .
CONTRACTS :
A contractis a kind of agreement between a company and
customer .Business can enter contracts with a certain
customers for a certain material for certain quantity for
certain period .Contract does not have any scheduleline .
Basically contracts are 4 types :
1 .quantity contract
2 .value contract
3 .service contract
4 .master contract
CREDIT MANAGEMENT:
IT enables u to minimise the credit risk yourself by
specifying a specific credit limit for ur customers .
-u can take the financial pulse of a customer or group of
customer ,identify early warning signs,and enhance your
credit related decission making .
-credit control area is basic organizational unit the
represents the area wheather customer credit is awarded and
monitored .
FOR credit management functiobn sap has provided two kinds
of credit checks ;such as :
1 .simple credit check
2 .automatic credit check
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