You can create a journal entry to write-off small underpayments for the invoice(s). You are required to select the Write-off account and the threshold amount/percentage to create a journal entry.
Navigate to Bank Transactions to NetSuite flow > Settings > File Processing and provide the values in the fields highlighted below as required.
- Write Off Threshold Amount: Provide the threshold amount or percentage for which you need to create a write-off. For percentage, provide a number followed by the % character.
- Consider Invoice Open Amount in NetSuite: Check this box if you want to consider invoice open amount as well in NetSuite to create a journal entry. If you uncheck this box, only the amounts available in the bank file are considered to decide if the transaction is eligible to create a journal entry.
- Write Off Debit Account: Select the account from which the threshold amount will be debited. This account is used to create a journal entry
Note: This is applicable to all the payment types and file types.
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