Can we create provisions based on aging in receivables? Can we do automatic write off for these?

Summary:

We have a requirement to create provisions based on aging according to the following rules:

• Up to 90 days no action is taken.
• If aging crosses 90 days system should do 100% provision for those receivables. (Expenses A/c Dr. to Liability A/c)
• If aging crosses >1 year system should write off the receivables.
  

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Version (include the version you are using, if applicable):

Oracle fusion 24B

Code Snippet (add any code snippets that support your topic, if applicable):