Write off Uncollectible Funds

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:

• Write-off event types and posting codes

• Referencing a Receivable or Referral to Collection Agency transaction on a Write-Off

• Inferred and defaulted data on a Write-off

• Additional Considerations for Referencing Receivables in Write-Offs

• Generating a Write-off through Batch Processing

• System setup for supporting automatic generation of Write-Offs

• Modifying a Write-off transaction

• Negative accounting lines