Maintaining correct costs on seed product can be a challenge because of discounts and rebates offered by seed vendors. See three methods of handling these rebates and discounts to keep the product costs as accurate as possible throughout the season.
- Method 1 – Used when discounts/rebates are received at the end of the season.
- Method 2 – Used for early pay discounts or prepay discounts.
- Method 3 – Using purchase add-on charges to track discounts and rebates.
Articles
Seed Discount Management (Early Pay Discount – Prepay)
Seed purchasing, because of the discounts and rebates given by seed vendors, creates a challenge to maintain an accurate cost on seed until the discounts are issued. This article is designed to establish a standard practice for the handling of seed ...
Using Purchase Add-on Charges to Account for Seed Discounts / Rebates
While it may not be known exactly what rebates will be received until the end of the seed season, it is important to incorporate an estimate of the rebate in the cost of the seed Products so the sales margins are reasonable. There are two seed disco...
Seed Discount Management (Discount / Rebate After the Season)
Seed purchasing, because of the discounts and rebates given by seed vendors, creates a challenge to maintain an accurate cost on seed until the discounts are issued. This document is designed to establish a standard practice for the handling of see...
