what is retro active billing?who is will create this?
Answers were Sorted based on User's Feedback
Answer / sreehari. kondapalli
Hi,
Retroactive billing is purely different from Rabate
Process. But rebate process comes under the retro
billing. Because rebate process acts retroactively.
Retro billing means: For example we are selling some
goods to a customer for the past 6 months and there were
around 50 invoices are generated. But after 6 months we
had an agreement that we will give discount on all the old
invoices wich were generated in the last 6 months or there
is a decrease in price which should affect the old invoices
which were generated from last 6 months.
For this kind of scenario we will use the Retro Billing.
We have to use the T.Code VFRB to generate the retro
billing.
Is This Answer Correct ? | 38 Yes | 0 No |
Answer / meenakshi sundaram
Retro active billing belongs to rebate process. It takes
into account the billing documents that were created
previously ( ie before the rebate agreement done)& also
billing documents which were created during the rebate
period.In those documents which were created earlier, the
accruals & basis were not automatically updated, it has to
be done manually while in the documents which were created
during rebate period, the accruals & rebate basis were
automatically updated.
Is This Answer Correct ? | 12 Yes | 14 No |
Answer / anil pothineni
Simple ...answer is ...When you are accruing sales volume
for past Invoices with the current Rebate agreement. When
you run VBOF T.code old billings will updated with this new
rebate agreement and those old documents updated
retroactivly. Where you can see at conditions tab and
double click on condition type then you can see the Retro
active Check box. This Retro active check box will comes
only in old Invoicess..
Ex: Invoice creation date is 03/05/2010
Rebate agreement was created on 12/05/2010 with validity
period from 01/05/2010 to 31/05/2010 and now run VBOF
t .code ..all the Invoices (which are in b/n 01/05/2010 and
12/05/2010) are updated with this new Rebate with check box
of retroactive...
Is This Answer Correct ? | 2 Yes | 5 No |
Answer / mausamm
we also have to check the 'subsequent creation' box in the rebate agreement
Is This Answer Correct ? | 0 Yes | 4 No |
Answer / chowdary b v
retro active billing means rebate process. in rebate process
some amount goes to accrurals a/c.when ever the customer
reaches the target quantity or volume in specified time
peried.we issue the credit memo for the customer.
Is This Answer Correct ? | 3 Yes | 16 No |
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