With Rebate Management, you can calculate accruals and payouts for rebate types. Program managers can view the accrual and payout information for each member and each payout period. Understand how accruals are calculated in Rebate Management. Analyze a use case that showcases how accrual calculations can help you manage finances in a better manner.
- Accruals and Payouts
Accrual is the potential financial commitment based on data projections, whereas payout is the amount that you actually pay based on the recorded transaction. - How Are Accruals Calculated?
Define the calculation basis of a rebate type and add an accrual rate to specify how to calculate accruals for members. Be better prepared with your finances for an ongoing period by accruing on a regular basis, even though the actual payout is settled at the end of a period. You can view the accrual and payout amounts of a member for each payout period. - Calculate Accrual and Payout Amounts for a Single Payout Period (Example)
This example shows how you can calculate payouts and accruals for a member. Accruals help you project an amount, whereas payouts help you track actual rewards.