Articles in this section

Create a journal entry to write-off small underpayments

Gogula R Bhavana
Updated

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.

file_processing.png
  • 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.
    Example: 10%
  • 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.