PRICE MATRIX - Contract Cost Pricing

This utility is used when a Vendor is providing you with a rebate after an item is sold

• activate this utility by identifying the GL Account to capture the rebate amount in - Edit > Company Settings > General Ledger > Contract Cost:
• in Price Matrix click on

• select the Whse (or leave blank for all) / Part No / Customer (or leave blank for all Customers), and Vendor

• establish the Contract Cost (rebated cost)        

• Save and Close

• create a Sale Order with this Item / Customer
  • note the price in green which identifies that it is a Price Matrix setting
  • note the discounted cost
  • note the resulting General Ledger entry, with the COGS at 785.00, and inventory at 946.95 (true Average Cost), and the debit difference of 161.95 to Vendor Rebates Receivable