Enable Blog — Lauren Sidhu

Rebate management system vs rebate accounting spreadsheets

Posted by Lauren Sidhu on July 11, 2019 14:00:00


While accounting excel spreadsheets are undeniably easy to use, widely available and highly adaptable much has been written about the danger of using them in contexts where there is just too much information, or where that information is too important to risk to human error. A prime candidate is the case of rebates: both customer rebates and supplier rebates, where even the smallest error can result in losses of tens or hundreds of thousands of dollars. Since accounting excel spreadsheets are so easy to use it is also easy to make mistakes, to change data, make errors and worse, not spot the errors and carry on with business as usual. The result is that incorrect information can cause issues when you are trying to understand your business’s financial position down the line.

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Topics: Rebate Management, Rebate Accounting, Rebate Management System, Spreadsheets