Difference between revisions of "How do I deal with manufacturer deposit contributions?"

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== Summary ==
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This article explains one method for dealing with manufacturer deposit contributions.
  
== Summary ==
 
 
The method used is dependent on how the manufacturer requires the amount to be shown on the customer invoice and how they reimburse you for the contribution.
 
The method used is dependent on how the manufacturer requires the amount to be shown on the customer invoice and how they reimburse you for the contribution.
  
The method below is a suggestion for how you can deal with this but for specific advice please consult your accountant or {{SupportContact}} with details of your manufacturer's scheme.
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The method below is a suggestion for how you can deal with this but for specific advice please consult your manufacturer, accountant or {{SupportContact}} with details of your manufacturer's scheme.
  
 
== More Information ==
 
== More Information ==
* Create a [[How do I Create Non-Moving Items?|non-moving]] part number e.g. {{DataValue|MDC}} with a suitable description to suit the manufacturer. It should be:
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* Create a [[How do I Create Non-Moving Items?|non-moving]] part number, e.g. {{DataValue|MDC}} with a suitable description to suit the manufacturer. It should be:
 
** Vatable
 
** Vatable
 
** Assigned a suitable [[Creating stock groups|stock group]] to indicate the item is a {{DataValue|Financial}} item
 
** Assigned a suitable [[Creating stock groups|stock group]] to indicate the item is a {{DataValue|Financial}} item
** Assigned it's own [[How do I create a sales or purchase centre?|Sales Centre]]. This must link to a Balance Sheet Asset/Liability centre.
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** Assigned its own [[How do I create a sales or purchase centre?|Sales Centre]]. This must link to a Balance Sheet Asset/Liability centre.
  
When listing the item as an [[Selling a unit#Extras and Accessories|extra]] on the unit sales order the total value, including vat, should match the manufacturer contribution.
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When listing the item as an [[Selling a unit#Extras and Accessories|extra]] on the unit sales order, the total value, including VAT, should match the manufacturer contribution.
 
* The quantity should be entered as a minus to reduce the balance owed by the customer.
 
* The quantity should be entered as a minus to reduce the balance owed by the customer.
  
When you receive the credit note from the manufacturer it should be [[Posting purchase invoices|posted]] on the {{PL}}.
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When you receive the credit note from the manufacturer, it should be [[Posting purchase invoices|posted]] on the {{PL}}.
 
* You will need to create a Purchase Centre for the contribution which should be linked to the same Balance Sheet code as the Sales Centre has been linked to.
 
* You will need to create a Purchase Centre for the contribution which should be linked to the same Balance Sheet code as the Sales Centre has been linked to.
  

Revision as of 07:46, 21 May 2019

Summary

This article explains one method for dealing with manufacturer deposit contributions.

The method used is dependent on how the manufacturer requires the amount to be shown on the customer invoice and how they reimburse you for the contribution.

The method below is a suggestion for how you can deal with this but for specific advice please consult your manufacturer, accountant or Contact your Platinum dealer or our support team on 0116 230 1500 or by using our website support contact page with details of your manufacturer's scheme.

More Information

  • Create a non-moving part number, e.g. 'MDC' with a suitable description to suit the manufacturer. It should be:
    • Vatable
    • Assigned a suitable stock group to indicate the item is a 'Financial' item
    • Assigned its own Sales Centre. This must link to a Balance Sheet Asset/Liability centre.

When listing the item as an extra on the unit sales order, the total value, including VAT, should match the manufacturer contribution.

  • The quantity should be entered as a minus to reduce the balance owed by the customer.

When you receive the credit note from the manufacturer, it should be posted on the Purchase Ledger.

  • You will need to create a Purchase Centre for the contribution which should be linked to the same Balance Sheet code as the Sales Centre has been linked to.

See also


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Keywords AND Misspellings
manufacturer deposit, extras, accessories
Tags

VS84, VS88