Run Final Settlement

Explanation

This activity can be used to run final settlement on rebates. When final settlements should be made for the rebate receivers, it is necessary to aggregate all rebate transactions for the specified final period per receiver. The required aggregation can be performed using this activity for the period before the system date.

You can either run periodic settlement directly, or schedule the task as a background job. 

Prerequisites

This activity has the following prerequisites;

• An active rebate agreement should exist.
• Rebate transactions, not yet included in any other final settlement, should exist.

System Effects

The activity has the following system effects;

• A final settlement will be created.
• For a VAT company, the basis for calculating final rebates is the sales net amount. This also applies for the Use Price Including Tax functionality as well.
• Periodic rebate transactions belonging to the previous final period, prior to the system date or the specified date, will be grouped according to the rebate type, tax code, etc.
• A new final settlement record will be added to the Final Settlement window.
• The ID of the Final Settlement will display in the Final Settlement column in the Rebate Transactions window.
• If the total rebate amount left to invoice is larger than zero, it will be possible to create a rebate invoice.

Window

Run Final Settlement

Related Window Descriptions

Run Final Settlement
Rebate Agreement

Procedure

You can run final settlement directly, or schedule the task as a background job.

To run final settlement directly:

1. Open the Run Final Settlement dialog box. 
2. To run final settlement for a specific rebate agreement, specify the required rebate agreement ID.
3. To run final settlement for a specific customer, specify the required customer number.
4. You can specify a date in the To Date, if you need the period specified in the rebate agreement to be overridden. Then the final settlement will be run for the transactions that have taken place until the specified date.
5. If you need to run final settlement for a different company click Company and change the company as required.
6. Click OK after the necessary criteria is specified. 

To schedule the Run Periodic Settlement as a background job;

1. Click Schedule to open the New Database Task Schedule window. Set the scheduling parameters as desired and save. Scheduled tasks can be seen in Scheduled Database Tasks window.