Your gear suppliers pay a rebate.Somebody has to check it.
Wire, gear, lighting and controls, bought across a whole year. We check what the statement paid against every invoice in it.
- Wire and cable
- Switchgear and distribution
- Lighting and controls
- Conduit, fittings and strut
The first pass is free while we onboard the first ten distributors.
Six levels, one calendar year, and a cliff at the first one
Read out of a lighting supply agreement filed with the SEC.
PERCENTAGE REBATE APPLIED TO ALL PRODUCTS PURCHASED IN CALENDAR YEAR
| Bought in the calendar year | Rebate rate | Paid at the bottom of the band | |
|---|---|---|---|
| Up to $5,999,000 | 0% | $0 | |
$1,000 more of buying, and the year pays $600,000 instead of nothing. | |||
| $6,000,000 to $6,999,999 | 10% | $600,000 | |
| $7,000,000 to $7,999,999 | 11% | $770,000 | |
| $8,000,000 to $8,999,999 | 12% | $960,000 | |
| $9,000,000 to $9,999,999 | 13% | $1,170,000 | |
| $10,000,000 or more | 14% | $1,400,000 | |
“This is primarily due to the year-over-year difference from many of our distributors push from a year ago to achieve calendar year-end rebates.”
A conduit and cable manufacturer is telling its shareholders that what electrical distributors bought to reach a rebate level moved its volume. The buying is real enough to show up in somebody else’s quarter.
We did not find a supplier agreement from an HVAC, plumbing or electrical distributor in the public filings we searched, so the paper here comes from other industries. It shows the shape of a clause. It is not evidence about your trade. For electrical the closest document is the lighting supply agreement drawn here. The other voice on this page is an earnings call rather than a filing, and the card says who is speaking. How we searched
Three files, and the whole year comes out of them
We read the levels, then count your year
Rates, levels, dates, the brands that count and the exclusions come out of the agreement first. Then the year is counted against them.
How the reconciliation works
- 01
Send three files
The statement, the agreement behind it, and your purchase export for the whole year.
- 02
We count the year
Every invoice dated inside the measurement year, against the statement line that paid on it.
- 03
You see the level you reached
What your buying actually came to, what they paid you at, and the money between.
Also for electrical distributors: How a statement is checked · Claim deadlines · Rebate accrual
Your suppliers can see the year end coming
A conduit and cable maker explained a soft quarter by what distributors bought the year before.
raceway volume growth in one quarter at that maker, from distributors buying to reach year end rebates
Atkore International, Q1 fiscal 2019 earnings call transcript, 6 February 2019Counted on the agreement year
Every invoice dated inside the period the agreement names, and nothing outside it.
Earned to date, not guessed
Where you stand on each agreement today, with the invoices under the figure.
The period nothing arrived for
A quarter that produced no statement is counted as a period rather than skipped.
Questions about this page
No. Each agreement is set up on its own measurement period, so a lighting program running February to January is counted February to January while a gear program on the calendar year is counted January to December.
It depends on the agreement. In the one drawn above, the rate applies to everything bought in the calendar year, which is why the first dollar over a level is worth so much. Another agreement may pay only on the part above the level. Which one you signed is the first thing the first pass tells you.
See it before you send anything
- See the live demoReal screens, made-up distributor. Opens in a new tab.
- See the three plansThree plans, with the sizes they are priced for on the page.
What it costs, which files we need and how your data is handled are answered once, in one place each: Pricing · Questions on the statement audit
Send one statement from your biggest electrical supplier.
We check it against every invoice in the year it covers and send back the difference.
Free while we onboard the first ten distributors.