Can rebates be entered as import costs to reduce the cost of the stock lines?
- Beth Blok (Unlicensed)
- Mike Sheen
Question
When using the Landed Cost function, is there a way to include a rebate in the costings? For example, we purchase 3 container loads of fertiliser in USD on one Invoice. Our supplier will sometimes give us a special deal where they will offer a USD 500 rebate per container. Can I enter the credit note when doing the Landed Cost so that it is Apportioned to the quantity of product (which will reduce the cost price) so that my true cost price is shown in the system and also both the Invoice and Credit Note show in the Creditors transactions.
Answer
The Import Costs grid accepts negative amounts. Simply enter the credit note in that tab as a negative amount and apportion. Invoicing that line creates a credit note in the creditor account.
Invoicing that line creates a credit note in the creditor account that can then be allocated against the invoice(s).
