Receipt writeoff

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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mahesh123
Posts: 14
Joined: Sun Jan 20, 2008 11:29 pm
Location: India

Receipt writeoff

Post by mahesh123 »

Hi
please tell anybody about the "Receipt writeoff"

Mahesh
pinnaka.financial
Posts: 38
Joined: Thu Feb 14, 2008 7:59 am
Location: India

Post by pinnaka.financial »

hi
This is relating to AR

That means write of the negligible amount of customer owing to the organization.

Ex.the organization raised a transaction on behalf of the customer for Rs2,5000,After some days he send a receipt to the organization Rs24,000.the remaing amount for Rs 1000 is write off i.e he did not pay that particular amount

Thabks
Satyanaeayana.P
Velumuthu
Posts: 20
Joined: Sun Jul 08, 2007 4:13 am
Location: India

Post by Velumuthu »

Hi,

When the Customer underpays or Overpays a few Dollars against an Invoice you use Receipt Write off functionality.

Regards,
Velumuthu.S
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