Rebate accounting: 10 reasons why rebates are not always claimed | Enable

▤ Summary

Some companies therefore prefer to put additional rebate accounting processes in place — using home-grown software or spreadsheets to capture the details. Rebate value is usually higher when calculated at the lowest level of granularity e.g. per product per branch per transaction type per day. Of course, this is open to manual error and we have seen cases where an agreement has been produced, signed and filed away, but not even entered on the finance system. So it is no surprise that the deals that were agreed were subsequently difficult to represent within the ERP system and claims were invalid. ‍Interestingly, even where companies feel they have none of those issues, we have STILL managed to find at least 4% of annual rebate income that has not been claimed!

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