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A rebate is a partial refund provided to a buyer after a purchase. Businesses often use rebates as an incentive to drive sales or reward loyal customers. Rebates can also come from vendors offering discounts after achieving a specific purchase volume or milestone.

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Recording rebates in QuickBooks Desktop may seem complex initially, but with the proper setup and process, it becomes a straightforward task. By following the steps outlined in this guide, you can ensure your financial records are accurate, compliant, and reflective of your business’s true performance. QuickBooks Desktop's robust features make it easy to man...