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Financial Management - PSFT (MOSC)

how to setup allocation for write off for posted amount is less than $50; assume collection account

Jan 23, 2020 1:19PM edited Feb 3, 2020 4:00AM in Financial Management - PSFT (MOSC) 4 commentsAnswered

How to set up PS GL Allocation for write off if posted amount is less than $50;

Assume collection account in ACTUAL ledger is A100 and posted amount is $23

it needs to create two journal entries

1) debit the collection account, A100 with $23

2) credit the write off account, W100 with $23

Tagged:

Common ERP Functions

2

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