Answer / mahesh

A Rebate is a special Discount which the party gets apart
from the other discounts. A rebate will have certain
parameters like validity period and min, and maximum
purchasing qty.

A contract is a kind of agreement between a seller and
purchaser or between an organisation and customer.
Contract r few types like( In nutshell)

1.Quantity Contract
2.Value Contract
3.Service Contract
4.Master Conract.

Credit Management is kind of process to post the value for
concerned in to the conceened GL Account. Ex. All domestic
Sales in to one GLAccount and All Exports sales in One
GLAccount and All Cash sales in One GLAccount like...

Answer / 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

Answer / subrahmanyam

Rebate is a special discount which offers to the specific
customers based on their sales turnovers generated and here
we have to consider the concept retero active. Here we have
three pre requisitons first one we have to check the field
rebate process active in the corresponding sales
organisation defintion and then customer master record we
have to check the field rebate in billing tab page and
third one we have to check the field rebate in the
definition of billing.

A contract is an agreement seller and buyer and that should
be perform with in the specific time period.
We have different types of contracts like
Quantity contract
Value contract
Value contract (here we have to define the assotment
modules.
master Contract(GK)
Credit management is used to block the customer in
different places like order level and delivery level and
billing level depends on their risk catagory.

Answer / madhusudhan

hi,
Contract is contractual agreement between the Busines
Process and Csustomer
In Contract we not having the schedulines it is having only
the dContract Profile, valid period.

Credit Management:
It Checks credit limit of the Customer
For Ex:if we keep for one Customer Credit is 100000/- if
the customer purchase the product more than one lakh in
sales order it will show the pop box particular credit is
exceeded.
For we have to keep some setting in the VOV8. Please refer
it.
Mainly we have Two types credit check that is
Simple credit check
Automatic Credit check
Simple check not suggest to do in real time because it will
stops the all customer who will low risk customer also.
In Automatic it not like it will stops the order if the
customer high risk customer.

Answer / charis ayala

A rebate is an amount paid by way of reduction, return, or
refund on what has already been paid or contributed. It is
a type of sales promotion marketers use primarily as
incentives or supplements to product sales. The mail-in
rebate (MIR) is the most common. A MIR entitles the buyer
to mail in a coupon, a receipt and barcode in order to
receive a check for a particular amount, depending on the
particular product, time, and often place of purchase.
Rebates are offered by either the retailer or the
manufacturer of the chosen product. Large stores often work
in conjunction with manufacturers, usually requiring two or
even three separate rebates for each item. Manufacturer
rebates are sometimes valid only at a single store. Rebate
forms and special receipts are sometimes printed by the
cash register at time of purchase on a separate receipt or
available online for download. In some cases, the rebate
may be available immediately, in which case it is referred
to as an instant rebate.

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