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--- rate_conversion_explained [2014/12/02 21:06] – created brian.maloney
+++ rate_conversion_explained [2017/06/03 15:21] (current) – removed adam.brusselback
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-Rate Conversion Explained
-When setting up a rebate, it's typically a Fixed Rate, Fixed Price, or Percent.  In all cases, at some point you have to figure out what is owed to the customer.  Fixed Rate is simple because it's the rate you expect to pay the customer.  The other two are trickier. You have to do some math to determine what rebate you really owe the customer.  That's where Rate Conversion comes in.
-Example 1:  You have a product that is $25/case.   You go to a customer and tell them they can have it for $22/case.  The Rate conversion formula determines that what you really owe the customer is $25-$22= $3/case rebate.  So it turns your fixed price into a fixed rate so you know what to pay.
-Example 2)  You have a product that is $25/case.  You go to a customer and set up a 5% deal with them.  The Rate conversion formula determines that what you really owe the customer is $25 x 5%  = $1.25/case.  So it again, turns your percent deal into a fixed rate so you know what to pay.
-Rate Conversion works three different ways:
-)  Default Price:  When you set up your products you have the ability to set up a default price at that time.
-)  PriceList:  You can send us your pricelist.
-)  Sales Feed:  You can send us your sales into distribution

Telus TPM Documentation