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.
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.
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.
To check Tolerance Write-Off: