Thanks Brian for this explanation, rate and accruals scenario is now clear for me.
"But as per your 2nd paragraph "In rebate agreement you have the option to generate partial payment ................................................ close status on the agreement".
In partial settlement at the time of credit memo system generate accounting entries, and in final settlement system again create financial entries and reverse the old one.
but if you directly create final settlement system create financial entries only once.
how would you explain this, is it ok.
Appreciate if you explain with any value starting from provision/accruals books at the time of invoice.
Thanks again for this favor.
regards,