SI Foodware – Rebates
In the food industry, it is quite common for suppliers and customers to make specific price agreements. For example, regarding discounts or rebates that will be given if certain quantities are bought within the agreed period. In practice, this means that companies want to keep track of the price agreements and accrued rebates with suppliers and customers. Particularly when large volumes are involved, it is useful to make a provision for these rebates in your administration.
SI Foodware – Rebates provides you with real-time insight in the rebates accrued by your own organisation and your customers. As rebates are taken into account in the general ledger entries or journal posting immediately, you can start making reservations for when the rebates are due to be settled with your suppliers and customers. In this way, you generate a realistic income statement continually.