Stupid question - are rebates considered taxable? My first instinct would be no. because reducing the purchase price. They are not receiving a gift (i.e. IPAD, plane ticket). So does that me no W9 would be required? I am just trying to think this threw.
I am not sure about E9, but in other versions you can write a check on the fly, but it is a pain to find the check if you need to research if they have been paid. Very little information can be written in the "memo" section. I would think you would want to enter them as vendor, where tracking it would be easier. Especially, for the amount of checks you maybe writing. For accounting practices, I would think writing checks on the "fly" should not be the norm. Especially when it was time to audit. JMHO. :)
Dina
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of Manasa Reddy
Sent: Thursday, March 15, 2012 7:08 PM
To: vantage@yahoogroups.com
Subject: [Vantage] RE: REBATE CHECKS TO CUSTOMERS
Hhmm, that's right. I did forget you can do that. I will just have to make sure I have a way to trace it when I record the payment.
Thanks for jarring my brain, Deirdre!
M. Manasa Reddy
manasa@...<mailto:manasa%40weldcoa.com><mailto:manasa@...<mailto:manasa%40weldcoa.com>>
630.806.2000 x1515
Ex scientia, vera
From: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com> [mailto:vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>] On Behalf Of Deirdre Sykes
Sent: Thursday, March 15, 2012 4:14 PM
To: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>
Subject: [Vantage] RE: REBATE CHECKS TO CUSTOMERS
In E-9, you have the capability of entering a check on the Fly and the supplier does not have to be in your supplier maintenance.
Deirdre Sykes | Staff Accountant
GSI Technologies, LLC | 311 Shore Drive | Burr Ridge, IL 60527
dsykes@...<mailto:dsykes%40gsitech.com><mailto:dsykes%40gsitech.com><mailto:dsykes@...<mailto:dsykes%40gsitech.com><mailto:dsykes%40gsitech.com>> | Phone: 630.590.8130 | Fax: 630.325.8197
From: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com> [mailto:vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com>] On Behalf Of Manasa Reddy
Sent: Thursday, March 15, 2012 3:49 PM
To: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com>
Subject: [Vantage] RE: REBATE CHECKS TO CUSTOMERS
Let me rephrase this, we want our customers to pay in full. If they pay us within 15 days, then they get a discount. What's the best way to handle the repayment to the customer? Is there another way besides making my customers vendors in Vantage?
Is there an easy way to do this in E9?
M. Manasa Reddy
manasa@...<mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa@...<mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com>>
630.806.2000 x1515
Ex scientia, vera
From: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com> [mailto:vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com>] On Behalf Of Manasa Reddy
Sent: Thursday, March 15, 2012 3:09 PM
To: Vantage User Group (vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com>)
Subject: [Vantage] REBATE CHECKS TO CUSTOMERS
Basically the owner doesn't want to give discounts anymore unless the customer pays within a certain time frame. Then he wants us to cut a check to the customer for the discount. Anyone doing this?
Easy way to do this in version 9 without making every customer a vendor as well?
M. Manasa Reddy
manasa@...<mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa@...<mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com>>
630.806.2000 x1515
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I am not sure about E9, but in other versions you can write a check on the fly, but it is a pain to find the check if you need to research if they have been paid. Very little information can be written in the "memo" section. I would think you would want to enter them as vendor, where tracking it would be easier. Especially, for the amount of checks you maybe writing. For accounting practices, I would think writing checks on the "fly" should not be the norm. Especially when it was time to audit. JMHO. :)
Dina
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of Manasa Reddy
Sent: Thursday, March 15, 2012 7:08 PM
To: vantage@yahoogroups.com
Subject: [Vantage] RE: REBATE CHECKS TO CUSTOMERS
Hhmm, that's right. I did forget you can do that. I will just have to make sure I have a way to trace it when I record the payment.
Thanks for jarring my brain, Deirdre!
M. Manasa Reddy
manasa@...<mailto:manasa%40weldcoa.com><mailto:manasa@...<mailto:manasa%40weldcoa.com>>
630.806.2000 x1515
Ex scientia, vera
From: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com> [mailto:vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>] On Behalf Of Deirdre Sykes
Sent: Thursday, March 15, 2012 4:14 PM
To: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>
Subject: [Vantage] RE: REBATE CHECKS TO CUSTOMERS
In E-9, you have the capability of entering a check on the Fly and the supplier does not have to be in your supplier maintenance.
Deirdre Sykes | Staff Accountant
GSI Technologies, LLC | 311 Shore Drive | Burr Ridge, IL 60527
dsykes@...<mailto:dsykes%40gsitech.com><mailto:dsykes%40gsitech.com><mailto:dsykes@...<mailto:dsykes%40gsitech.com><mailto:dsykes%40gsitech.com>> | Phone: 630.590.8130 | Fax: 630.325.8197
From: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com> [mailto:vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com>] On Behalf Of Manasa Reddy
Sent: Thursday, March 15, 2012 3:49 PM
To: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com>
Subject: [Vantage] RE: REBATE CHECKS TO CUSTOMERS
Let me rephrase this, we want our customers to pay in full. If they pay us within 15 days, then they get a discount. What's the best way to handle the repayment to the customer? Is there another way besides making my customers vendors in Vantage?
Is there an easy way to do this in E9?
M. Manasa Reddy
manasa@...<mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa@...<mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com>>
630.806.2000 x1515
Ex scientia, vera
From: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com> [mailto:vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com>] On Behalf Of Manasa Reddy
Sent: Thursday, March 15, 2012 3:09 PM
To: Vantage User Group (vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com><mailto:vantage%40yahoogroups.com>)
Subject: [Vantage] REBATE CHECKS TO CUSTOMERS
Basically the owner doesn't want to give discounts anymore unless the customer pays within a certain time frame. Then he wants us to cut a check to the customer for the discount. Anyone doing this?
Easy way to do this in version 9 without making every customer a vendor as well?
M. Manasa Reddy
manasa@...<mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa@...<mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com><mailto:manasa%40weldcoa.com>>
630.806.2000 x1515
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