What is Retro active rebates and how there are configured

Hi,
What it means by retro active rebates and how there are configured. Please also explain how rebates settlement will happen...
Regards
Sankar

Hi,
Retroactive Rebate Processing:
You can create rebate agreement for which the validity period start date lies in the past. The system takes in to account all the rebate relevant billing documents that were created between the validity start date & the date you created the rebate agreement. In addition to the credit memo request, the system creates a correction sales doc (type B2) automatically for this amount.
Create the rebate agreement in the usual way. The system recognizes that the rebate agreement is retroactive.
Regards,
Raghav

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