Clearing Rebate GL account- Accrual & settlement

Hi,
Require your help for the clearing of Rebate Accrual account. We have the following set of entries:
Initially when you accrue rebates, the following entry is passed
Accrued Expense a/c Dr.
Accrued B/S a/c Cr.
Then when you actually pay to customer then the journal entry that is passed is:
Customer Cr.
Accrued Expense a/c Dr.
Accrued B/S a/c Dr.
Accrued Expense a/c Cr.
How the accrual B/S GL account isis cleared - at the time of settlement (how) or automatic clearing (how - what parameters). Please revert
Thanks
Amit

Hi
You can create automatic clearing setting for this GL account giving the unique parameters for the line items.
Regards,
Lakshmanan Krishnan

Similar Messages

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    What is the difference between rebate rate and accrual rate in rebate agreements. One example wil be very helpful

    Accrual Rate:
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    Can you explain the difference between Rebate rate and accrual rate in rebate processing ?
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