Check Tolerance Write-off

Explanation

The Check Tolerance Write-off activity is used to view and check that a Tolerance Code used for automatically generation of write-off exists. The tolerance code is created by the system when a company is created in IFS/Enterprise. The write-off will automatically be generated for manually entered customer payments according to limit and percentage stated per customer in the Customer window, the Payment tab. This providing a Tolerance Code box is checked. Several Write-off Codes can be used but only one Tolerance Code can be checked.

Prerequisites

This activity requires that a company has been created. Write-off requires that Posting Type PP17 has been set up using Control Type PC4 in IFS/Accounting Rules.

System Effects

As a result of a checked Tolerance check box, automatic write-off within the tolerance limit can be generated at customer payment entry. The write-off will be posted to specified account or accounts as per stated Posting Control.

Window

Write - off Codes

Related Window Descriptions

Write -off Codes

Procedure

To check Tolerance Write-Off:

1. Select the Write - off Codes window. Use the populate function and check that the box for Tolerance Code is marked for the write-off code * with the text  Tolerance Write-off Code entered in the field  Description.