DealTrack Blog — Rebate Accounting

Year end revenue recognition — rebate accruals

Posted by Andrew Butt on June 9, 2016 18:10:20

How was your last year end?

I’m not referring to the actual outcome, but the PROCESS of getting to your year end figures together.

If you’re in the fortunate position of being able to match each supplier invoice to an order at the right price, then perhaps your year-end is simply a question of dealing with a volume of transactions?  But for those in the Building Supplies sector, those working in buying groups, and many wholesale distribution companies, revenue recognition is hampered by rebates, retrospective discounts and other promotions.

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Topics: Rebate Management, Rebate Accounting

Rebate accountants: 3 ways to improve efficiency

Posted by Andrew Butt on May 31, 2016 11:00:00

It's a complex task managing multiple vendor rebate deals across multiple vendors, multiple product lines, and in some cases multiple units of measure.  2 for 1, multi-pack discounts, retrospective discounts, limited lifetime promotions, not to mention awards points and prizes make rebate accounting a very complex job. 

By way of illustration, we have worked on one example where there were 300 deals written into 1 vendor contract.  

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Topics: Rebate Management, Rebate Accounting