Receipt Write Off in Oracle Fusion Receivables
A receipt write-off is a receipt activity that cancels a small unapplied amount remaining on a receipt which your organization considers to be immaterial. For ex: For a transaction amount $ 999 customer has sent the payment for $1000. So $1 is in unaplied which customer does not want to get as refund and unapplied. So this can be written off. There are two methods available to create these receipt write-offs: Manual - a write-off is created from the Accounts Receivables Work Area Automatic - A write-off would be automatically created by running the Create Automatic Receipt Write-offs Program. It would look at the approval limits that are assigned to the user of running the process. Setups Setup write off limits at System Options Setup write off limits for user Create Receivable Activity for Receipt Write Off Process Create Transaction $999 Customer paid $1000 –Apply $999 write off $1 Setup write off limits at system options Setup write off limits for user Create Receivables activity fo...