Writing off Late Charges and Adjusting Customers A/R Accounts

1. Navigate to Financial Management > Accounts Receivable > Cash Receipts.

   The Cash Receipts screen appears.

   Cash Receipts screen

   

2. Click Create.

   The Batch screen appears.

   Batch screen

   

3. Enter a Batch Number, a Description and select a branch Location from the drop down list.

4. Click Save.

   The Cash Receipts - Outstanding Accounts Receivable screen appears.

   Cash Receipts - Outstanding Accounts Receivable screen

   

5. Select an Account from the list.

   The Key Cash Receipts screen appears.

   Key Cash Receipts screen

   

6. Select the invoice LATECH by selecting the checkbox next to the Payment Amount field.

7. To automatically enter the Payment Amount and the current Date, click Pay.

8. Select the LATECH invoice number again.

9. Click Reverse.

   The Reverse screen appears.

   Reverse screen

   

10. Change the G/L Account Number to the write off account number of your choice.
    - or -
    Click on the Search icon to use the Account Lookup screen to find the G/L Account Number.

    The Reverse screen appears with the selected account number within the Account Number field.

    Reverse screen

    

11. Click Save.

    The Key Cash Receipts screen appears listing the adjustment entry.

    Key Cash Receipts screen - adjustment entry example

    

Security Switch: 600 Accounts Receivable - Access Apply Late Charges

Revision: 2024.01