Automatic receipt write-off program in Oracle Apps

Automatic receipt write-off program in Oracle Apps

In this post , We will be discuss about Automatic receipt write-off program in Oracle Apps. For Example , We have billed one Customer of Amount $489 but we have received the Payment against this customer of about  $490 now we have apply this Payment to the Customer Invoice but because of my payment was $1 more from Invoice my customer Invoice is totally closed but my receipt is still open for an amount of $1. We can also apply this payment from customer next invoices but if this is not the case then you can use the receipt write-off feature to write the overpaid payment of $1 to Write off account and can close this receipt in the system.

 

Oracle Automatic receipt write-off is a program which helps to automatically write off all the Over Payment Receipts. This Program is only for those receipts which are over paid.

 

This Program write-off receipts only on the basis of Designated un-applied amount or percentage of the Unapplied amount mentioned in the Automatic receipt write-off program parameters. This Program also check that , The user who is running this receipt write-off program should have approval limits for receipt write-off.

 

You can use the Create Automatic Receipt Write-offs program to:

·         Schedule periodic write-offs as receipt adjustments for small remaining balances.

·         Limit write-offs by a percentage of the original receipt amount and by the policy of your enterprise.

·         Create write-offs for specific currencies and customers.

 

 

 

Automatic receipt write-off program in Oracle Apps