Managing Instant Rebates from a Master Dealer in POS
This process explains how to correctly record instant rebates offered by a master dealer in your POS system so that your sales, cost, and sales tax are accurate, and your receipt clearly shows the full phone price and the split between customer payment and instant rebate.
Step 1: Understand the Incorrect Way of Recording the Sale
When you receive an instant rebate from a master dealer, they might say: you purchase the phone f...
Step 2: Open Payment Method Settings
To handle instant rebates correctly, you must create and use a dedicated payment method called In...
Step 3: Ring Up the Phone at Full Price
Now process the sale using the full price of the phone, not the discounted amount. Go back to the...
Step 4: Apply the Instant Rebate as a Payment Method
When you are on the checkout/payment screen, decide how much of the total will be covered by the ...
Step 5: Review the Receipt and Recordkeeping
Once you save the transaction, your receipt will display the correct full price, tax, and payment...