Required feedback from Gurus on the GL entries.
Create a rebate agreement and when saving invoice system book the provision and post the following entry.
Rebate Expense Dr. $100
Rebate Payable Cr. $100
When at the end of the month user wants to post the credit memo by partial settlement, lets assume that he is posting accural of $70. The following entry is generated at the time of the posting.
Customer Cr. $70
Rebate Payable Dr. $70
Rebate Expense Dr. $70
Rebate Expense Cr. $70
Now If I want to run the final settlement I required that system only post the entry what left in the agreement.
Customer Cr. $30
Rebate Payable Dr. $30 but system cant post the required entry, and post the following entry that is not correct
Customer Dr $ 70
Rebate payable Cr $70
Looking forward for the gurus response.