This document demonstrates how to use the Write Off functionality.
Go to Cash Manager > Cash Transactions > Quick Cash Receipt Entry
The Quick Cash Receipt Entry Batch screen will appear.
Ensure the Fiscal Period is correct, if not, change it to the correct one.
Transaction Date will automatically default to the current date. Change the date if necessary.
Select the Bank Code
Write a Description for the batch.
Click on Save that is at the bottom right of the screen.
Figure 1: Go to Quick Cash Receipt Entry and Add a new Batch
Now, add a receipt invoice by clicking on Add. For this example, we are entering the invoice by Customer.
Figure 2: Entering Customer Check
In the CB Quick Cash Receipt Entry - Update Batch Screen
Select the Customer Account.
Enter in the Check Number.
Select the Check Date.
Enter in the Amount.
Enter the Deposit Reference.
Click SAVE.
Figure 3: Entering Customer Check Details
Select and Open the Invoice/Invoices which you want to Allocate the Cash to. For this example, we are allocating the full $1400 to the one $1482 invoice and writing off the remaining $82. Click SAVE. Then click NEXT and POST the batch if there are no more checks to be included in this batch.
Figure 3: Allocating Cash and Writing off an amount
On the Contrary, we can also Write off an amount if there is an excess amount on the check that remains unallocated.
Figure 3: Writing off and Excess amount on a Check
