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 for receipt write off

Go to task, click +

How to test process

Create Transaction for $9999 and Receipt for $10000

How to write off $1 manually?

Go to Actions -> More -> Create Write Off