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On_account and Receipt write off
Posted: Thu Mar 13, 2008 6:13 am
by anjan123
Hi folks,
Could any body brief me about " ON-Account and Receipt write off" impact in receipts workbench.
Your answers are valuable.
Regards
Anjani Kumar
Posted: Mon Mar 17, 2008 6:34 am
by ramesh.nalem
<b>Write-Off:</b>
Write off is used for unapplied receipts which is quickly and easily closure to unresolved receipts by allowing the user to write off overpayments.
<b>Onaccount:</b>
Excess amount are applied & transferred as onaccont for the customers.
Posted: Mon Mar 17, 2008 7:52 am
by anjan123
Hi Ramesh, Thanks for your reply,
could you please explain me Receipt write off & On -Account, with suitable examples ( when did we use these two & what is the impact on Customer balances ).
Thanks & Regards
Anjani Kumar
Posted: Thu Mar 20, 2008 5:26 am
by ramu.parepalli
Hi Team,
Receipt Write-Off is a functionality of Receivable Activities in AR.
Receipt Write-Off is used to Write-off customer balance when a customer makes under payment or customer have unapplied receipt.
We configure a GL Account for Receipt Write-Off Activity.
The customer balance decreases when we write-off the balance.
Please correct me if any members has releveant stuff.