What are Rebates in Projectal?

Rebates are commonly used in industries to provide a reduction in the overall spend by your customers.

They are often called rebates or tax incentives or grants or subsidies, and are typically provided by the governing body of a country or state or province or city in order to attract business to their particular region.

Example: Your company budgets for a project to cost $500K to complete for a customer.  The customer pays you $500K, but also receives $120K from your country's government as a rebate (or tax incentive) to work with companies like yours in your country.

You can also use rebates in Projectal to provide discounts to your customers.  You can create rebates as discounts and apply them to selected projects, parts of projects or individual tasks in projects.  

Example: Create rebate (e.g. "Client - 15% Discount") and apply it your selected projects or tasks so that your customer receives a 15% discount on a project or parts of a project. 

Projectal supports rebates and discounts throughout all aspects of bidding, budgeting, planning, scheduling, tracking and reporting.  

You can enter the applicable rebates and their percentage value for all your offices that can attract rebates.

You can assign rebates or discounts to projects and tasks, and see real-time gross costs and net costs for your fixed costs, estimated costs and actual costs. 

You can assign rebates or discounts to locations and when staff from these locations are assigned to projects and tasks, then you will be prompted to use this rebate in your projects and tasks. 

You can generate reports and charts to display these financials so that you can monitor them throughout a project. You can add these reports and charts to your dashboards for convenience.

Tip: Using rebates is optional.  If they do not apply to your company, then you do not need to enter any rebates into Projectal and Projectal will continue to operate normally.