The Check Tolerance Write-off activity is used to view and check that a Tolerance Code for automatic 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 the limit and the percentage specified per customer in the Payment tab of the Customer page.
This is only if the Tolerance Code toggle is set to Yes position. Several Write-off Codes can be entered but, only one can have the Tolerance Code toggle set to Yes position.
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 setting the Tolerance code toggle to Yes position, 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 the Posting Control.