Business Rules

Accounts Receivable > Accounts Receivable Transaction Documents > Customer Invoice Writeoff Lookup > Process Overview

Business Rules

• Invoice must have an open amount

• Must have note to describe why invoice is to be written off

• If parameter ALLOW_SALES_TAX_LIABILITY_ADJUSTMENT_IND=N, entries reverse the receivable on the income account and the sales tax account, the offset is to Fund Balance. The sales tax write off will post to the write off account listed on Organization Account Defaults.

• The general ledger pending entries will post either to the accounting string listed in the Organization Accounting Default Organization Writeoff Account Defaults; or to the accounting string on the invoice.