Expalin Rebates ? Contracts ? Credit Management ?

A Reabte is Special Discount, which the party gets apart from the other discounts. A Rebate will have certain parameters like validity period, minimum & maximum purchasing quantity.
A Contract is a kind of agreement between a seller and puchaser or between an organization and customer. There are few types of contracts available
1. Quantity COntract
2. Value Contract
3. Service Contract
Master Contract
Credit Management is kind of process to post the value for concerned in to the concerned GL account. Ex: All Domestic Sales in to 1 GL account, All Exports Sales in to 1 GL Account and All Cash Sales in to 1 GL Account . . .