Time for another odd scenario I'm facing ...
We have a Supplier (currently setup as a vendor) that orders from other vendors for us and because of their bulk purchasing they get better prices than us and we've agreed to pay them commissions based on their savings. For arguments sake let's say they have 2 commissions: 1% and 5%.
When we order something for one of our branches (I work in corporate), we need to create a receipt for the amount of the items plus the commission (accrued to separate accounts preferably).
When we receive the goods they would be invoiced and any differences would be corrected just like the current process surrounding POAAPC and then recorded in liabilities (again with the amount of the items separate from the amount of the commission).
Basically I'm trying to find a way to mimic clearing for a specific vendor and somehow incorporate commissions on top of that. At the end of each month I need to report on items receipted and invoiced with the base amount plus the commission. In theory I can create a report and hardcode the values, but that doesn't help with creating the 1% or 5% in the system.
If I created an item number specifically for each item for we get through this vendor and then a contract for that item with the price and a percentage can I also specify different accounts for the accruals of the goods and the commission? Is there another way to accomplish this or is this even possible?
We have a Supplier (currently setup as a vendor) that orders from other vendors for us and because of their bulk purchasing they get better prices than us and we've agreed to pay them commissions based on their savings. For arguments sake let's say they have 2 commissions: 1% and 5%.
When we order something for one of our branches (I work in corporate), we need to create a receipt for the amount of the items plus the commission (accrued to separate accounts preferably).
When we receive the goods they would be invoiced and any differences would be corrected just like the current process surrounding POAAPC and then recorded in liabilities (again with the amount of the items separate from the amount of the commission).
Basically I'm trying to find a way to mimic clearing for a specific vendor and somehow incorporate commissions on top of that. At the end of each month I need to report on items receipted and invoiced with the base amount plus the commission. In theory I can create a report and hardcode the values, but that doesn't help with creating the 1% or 5% in the system.
If I created an item number specifically for each item for we get through this vendor and then a contract for that item with the price and a percentage can I also specify different accounts for the accruals of the goods and the commission? Is there another way to accomplish this or is this even possible?