Receipt Write Off in Oracle Fusion Receivables

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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








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