Receivable (RE) or Referral to Collection Agency (CL) transactions that are deemed uncollectible can be written off in a variety of ways. The Write-off transaction is able to reference Receivable or Referral to Collection Agency transactions containing any of the various receivable and collections event types.
You can create Write-off transactions online, or they can be created as a result of batch processing. Both approaches use the receivable/collection accounting line outstanding amount to ensure the correct balances are written off. Write-offs require minimal data entry since most of the information is inferred onto the Write-off transaction.
This topic includes the following areas:
Referencing a Receivable or Referral to Collection Agency transaction on a Write-Off
Additional Considerations for Referencing Receivables in Write-Offs
System setup for supporting automatic generation of Write-Offs