Write off adjustment invoice level

Hi ,
My client wants abilty to see write off adjustment at invoice level (after writing of any invoice).
How can we see that in dispute or collection management.
Thanks
Nik

You can create an adjustment for this invoice

Similar Messages

  • Dispute Case - Write-off entry

    Dear Experts,
    When we write off any invoice through UDM_AUTOWRITEOFF in FSCM, system Debits the Bad debts write off (P&L) A/c and Credits the Customer A/c. However, we want system to segregate VAT, Tax and Freight amount from Bad debts write off A/c. So that the entry would be VAT -Dr. Tax-Dr. Freight -Dr. Bad debts -Dr. and Customer -Cr. Please could you through some light on How to achieve this?
    Thank you.
    With Kind Regards,
    Naresh B. Pandya

    HI Naresh,
    To my understanding there is no configuration in FSCM by which you can achieve what you have stated, since we want to achieve something in FI area by doing an acitivity in FSCM, whereas vice-versa would probably work. I can possibly think of a work around. You can post a normal write-off entry giving the tax code therein, which will clear customer open item, and post to tax GL as well. Now, since the open item (document) which was "disputed object" in FSCM - Dispute case, that object will get updated with resolved object as the new document posted. Basically, the dispute case attribute will reflect the changes that has occurred in FI (FI-FSCM integration). However, I'm not sure whether this amount will get updated in field "paid amount" or "written off" amount. You can simulate and check out.
    I am also interested to know how you deal with this, so keep me posted.
    regards,
    TV.

  • Write off certain amount of AR invoice

    Dear all,
    I have one invoice from OM (auto invoice from OM) and our user find that 200 quantity will not charge our customer out of ordered quantity are 1000. How can I write off the 200 quantity for loss in AR?
    Doesany one has idea? or alternative can handle this?
    Best Regards,
    Amy

    You can create an adjustment for this invoice

  • Project Billing "write-off" options

    I'm attempting to determine the best method of "writing off" transactions on direct projects that have been reported as billable, accrued revenue but will never be billed. Please consider the following narrative as an example:
    A consultant (consultant x) charges April time and expense to project 10001 in a billable capacity (charged transactions to a billable task). The transactions are cost distributed, revenue distributed and an invoice is subsequently produced. All cost and revenue transactions are produced, interfaced and ultimately posted to the general ledger in April. The month of April is closed in PA and the invoices for the April billing cycle are produced. Project 10001's draft invoice includes those charges reported by consultant x and is distributed to the project manager for approval. The project manager reviews the invoice review and determines that consultant x's transactions will never be billed and instructs the accounting group to write off the transactions.
    Challenge: we need a way to "write-off" (reduce revenue and change billing status) transactions that will allow for consistent reporting and measurement. Specifically, we need to be able to determine all write-off's (revenue/billing reductions) in a given period that relate to original transactions from an earlier or different period. In short, we want to establish a policy and procedure for consistently processing and reporting these types of conditions.
    Proposed Options:
    1) use the "special" non-billable adjustment option from either expenditure inquiry or invoice review to change the billing status from billable to non-billable.
    Pros:
    a) transactions will remain on the project in the capacity they were reported by the employee
    b) an adjustment record will be created in the PA_Expend_Item_adj_Activities table which will include the adjustment activity code (i.e. Billable Reclass, Non-billable reclass, billing hold, billing hold release, etc.)
    c) history of who created original transactions and adjustments is available (full audit trail)
    d) a reversing revenue entry will be created in the PA_Cust_Rev_Dist_Lines_all table which will allow us to track the dates (gl period) of the revenue adjustment and compare it to the original transaction dates.
    Cons:
    a) to the average users the transaction on a billable task flagged as non-billable with no corresponding revenue may look unusual because there is no description explaining why the adjustment existed. the only way to determine that revenue existed and was subsequently reversed is to look at item details- revenue details.
    b)The revenue write-off will be charged to the same accounts (revenue and inventory) that the original transaction was booked to but in reverse. we don't have the ability to deflect the "write-off" to a bad debt account versus a direct write-off of revenue.
    c) The employee's utilization calculations will be impacted by changing the billing status of the transactions and reducing the corresponding revenue. we may need to update the utilization report to reflect these types of transactions differently.
    2) use the "special" transfer adjustment option to transfer the transaction from the originating billable task to a non-billable destination task on the project in question.
    Pros:
    a) the average user will easily see that the transaction in question has been reversed and b) the revenue subsequently written off by the negative revenue on the reversal transaction
    c) an adjustment record will be created in the PA_Expend_Item_adj_activities table which will include the applicable adjustment activity code(s) (Transfer Back-out, Transfer Originating, Transfer Destination).
    d) history of who created original and adjustments is available.
    a reversing revenue entry will be made via e) the negative reversal entry created in the PA_Cust_Rev_Dist_Lines_All table.
    Cons:
    a) the original transaction is being altered (transferred) by accounting. the integrity of the transaction as it was submitted by the source employee may be compromised.
    b) there is no easy way for the average end user to know where the transaction was transferred to. the information is available via ad hoc reporting from database tables but looking at expenditure inquiry for a given project you will not be able to determine where the transaction went if it was transferred to another task and many tasks exist or if it was transferred to another project entirely.
    c) The revenue write-off will be charged to the same accounts (revenue and inventory) that the original transaction was booked to but in reverse. we don't have the ability to deflect the "write-off" to a bad debt account versus a direct write-off of revenue.
    d) The employee's utilization calculations will be impacted by changing the billing status of the transactions and reducing the corresponding revenue. we may need to update the utilization report to reflect these types of transactions differently.
    e) As a common practice, each project will need at least one "non-billable" task to capture such write-off transfers.
    3) use a write-off event (both revenue and billing) to reduce the project by the aggregate amount of all transactions in question.
    Pros:
    a) employee specific transactions and ultimately utilization results will not be impacted by the independent event transaction.
    b) by modifying our autoaccounting rules we will be able to book the "write-off" to an account other than a revenue account. (I believe, more research necessary)
    Cons:
    a) No link back to actual transactions.
    b) original transactions will remain untouched and will appear as though they were billed and will show up on the invoice and detail reports to the client along with an aggregated event for the total write-off amount.
    Any thoughts or opinions you can provide about the best practice in Oracle will be greatly appreciated.
    null

    Diana,
    Here's another response from a (very) senior Projects consultant. Her comments are in CAPS, so they can be dinstinguished from your comments:
    "I recommend following the approach she outlines in Section 2, with the following additions:
    SECTION 2) use the "special" transfer adjustment option to transfer the Transaction from the originating billable task to a non-billable Destination task on the project in question. CORRECT.
    A) SET UP THE WBS TO HAVE A TOP LEVEL NON-BILLABLE TASK, ON EVERY PROJECT, WITH A TASK NUMBER OF :"WRITE-OFF".
    B) WRITE AUTOACCOUNTING RULE , BASED ON TASK NUMBER, TO ENSURE THAT ANY TRANSACTIONS CHARGED (TRANSFERRED) TO "WRITE-OFF" TASK WILL BE POSTED TO A "WRITE-OFF/BAD DEBT" ACCT IN GENERAL LEDGER.
    C) CREATE A DFF AT THE EXPENDITURE ITEM LEVEL WHICH CAN BE POPULATED AT THE TIME OF TRANSFER, TO INDICATE WHERE THE TRX IS BEING TRANSFERRED TO. IT IS TRUE THAT TRANSFER ACTIVITY REPORT WILL TELL YOU THIS AS WELL, BUT IF YOU
    WANT TO SEE IT ONLINE DURING EXPEND. INQ, THEN DFF IS FINE.
    D) AS TO CONCERNS ABOUT "THE INTEGRITY" OF THE TRANSACTION AS IT IS SUBMITTED BY THE EMPLOYEE BEING COMPROMISED, THIS IS CERTAINLY POSSIBLE, BUT IF THIS IS A SERIOUS BUSINESS CONCERN, THEN I WOULD CONSIDER CREATING AN ALERT TO THE EMPLOYEE WHO ENTERED THE ORIGINAL TRX, ADVISING THEM OF THE CHANGE AND REQUESTING THEIR REVIEW AND OR APPROVAL OF THE TRANSFERRED TRX. I CAN SEE THIS BECOMING QUITE CUMBERSOME THOUGH, AND, OVERALL, ACCOUNTING DEPARTMENTS MANIPULATE TRANSACTIONS FOR ACCOUNTING PURPOSES ALL THE TIME AS STANDARD PRACTICE, SO I'M NOT SURE WHY THIS IS AN ISSUE HERE.
    E) AND LASTLY, IT IS TRUE THAT AS A COMMON PRACTICE, EACH PROJECT WILL NEED A
    'WRITE-OFF" TASK AS A STANDARD PART OF IT'S WBS-- SO WHAT? IT'S JUST ONE MORE TASK IN YOUR WBS. BUILD IT INTO YOUR PROJECT TEMPLATES, AND MAKE IT NOT CHARGEABLE UNTIL WRITE OFFS BECOME NECESSARY. AS TO UTILIZATION, THERE IS NOT ENOUGH INFO IN THE CLIENT QUESTION TO ADDRESS THAT ISSUE PROPERLY.
    THAT'S ABOUT IT. HOPE THIS HELPS.
    BEST REGARDS, PAT"
    null

  • IS-Telecommunication RMCA - FI-CA Write offs

    Dear All,
    This is related to IS-Telecommunication. FI-CA
    Scenario: Invoice has been posted with 1121 $ including tax of 121. It means..
    Customer account    1121  Dr
    Revenue Account 1000 Cr
    VAT on sales 121 Cr.
    When I am trying to do the write off(FP04 by using reason codes). System is posting the document as below:
    VAT on sales account 121 Dr
    Expense account   1000 Dr
       To Customer Account 1121.
    I would like to transfer the total amount to the expense account instead of transfer to VAT account, if I use some specific reason codes (Like Bankruptcy).
    Expected account entry:
    Expense account 1121
    to Customer account 1121.
    I found there is a event 5070 (Write-off: Tax Special Features ) in order to meet the above requirement.
    If any one knows about the requirement and solution. Please advise.
    Thanks in advance
    Ravi

    HI Ravi,
    path is
    SPRO > Financial Accounting > contract A/R A/P > Basic functions > particular aspects of taxation procedure > tax adjustment for write offs
    or
    Tcode
    FQZ04T
    or
    FQC0 and type the posting area .
    thanks,
    VR

  • MR11 Write-Offs (KP doc type) not clearing

    A maintenance adjustment transaction (MR11) was executed to 'write-off' the open receipts on a purchase order.  All  purchase order items have the same accounting (Profit Center, GL Acct, Comp Code).  The MR11 transaction creates a KP (account maintenance document) which is posted against the PO line and is cleared against the receipt accounting document(s).
    A clearing document should be created to offset the receipt/invoice document with the maintenance document. 
    For some reason,  part of the items that were 'maintenanced' on the PO did not get cleared, while other items did get cleared.  Our internal  SAP GL super users have reviewed the documents and cannot understand why some of these did not clear.
    Thoughts?

    Hi
    Please check whether there are "quantity differences" in those POs. If not, then MR11 will not do. Also please check whether the account assignment of those POs are "order". If so, settlement is the way forward to close the PO.
    Jayaram

  • FP04 : Write off and debiting Tax accounts

    Dear All,
    I have an issue with debiting tax account on write off.
    Scenario: Invoice posted $1000 including tax of $100.  i.e $900 consumption (revenue) + $100 tax.
    GL Postings:
    Customer account 1000 Dr
    Revenue Account   900 Cr
    Sales tax                 100 Cr.
    Write off( FP04  any reason codes).
    System posts the Following:
    Customer account 1000 Cr
    Expense Account  1000 Dr
    I need it to be like:
    Customer account 1000 Cr
    Expense Account   900 Dr
    Sales tax                 100 Dr.
    I've tried everything I can, but I think I'm missing something very obvious and silly.
    1) Maintained posting areas:
    0120 : Expense Account (No tax code specified and tried with tax code too)
    0121 : Expense Account for non tax related items (same expense account)
    0122 : Tax Adjustment Flag (Tested with both flag on and off)
    2) Define Act Assignments ReLU to Main Transactions
    Company     Division     Act Deter        Main       Acct
    1000     10          01-10               0090       Expense account
    1000     10          01-10               0095       Expense account
    3) ISU u2013 Define Acct Assignment Relv to Transactions
    Set Main receivable account (Customer account) for all combination  of 0090 and 0095. i.e. 0010 and 0020.
    Company     Division     Act Deter              Main/Sub      Acct
    So what am I doing wrong?
    Thank you very much.
    Edited by: JayUtility on Jan 31, 2012 2:53 PM

    Thank you Ivor. Tried that too.
    I'm still stuck at:
    Customer (AR) Account 1000 Cr
    Expense           Account 1000  Dr
    The entire invoice amount is debiting against the Expense / bad debt account.
    I need that only the consumption portion should debit Expense account and the Tax portion should debit the Tax account.
    Customer account  1000 Cr
    Expense Account    900 Dr
    Sales tax                 100 Dr.
    It seems like an easy enough thing. I must be missing something.

  • Write off process in dispute management

    Can some body throw more ligght on the write off process in dispute management . Including configuration steps(t-code), level of details / AR-table affected etc.
    Thanks
    Nik

    In order to write-off dispute case appropriate confiuration needs to be done which includes assigning an "Escalation REason" to Write off a dispute case.
    This means that you have an option of writing off all dispute cases with a specific Escalation Reason.
    The impact of the write off would that the customer invoice is cleared and written off amount is debited to a GL account defined in the configuration. You also have the option of Cost Center to which this amount has to hit to analysis purpose.
    Raj/

  • Write Off Several Commitment Balances

    The case is that we have lots of deposit invoices of various customers amounting not more than 5 Rupees, and the commitment balance is due to be applied on transactions.
    One way to do this is that I would create lots of transactions for each and every commitment balance which is a very hectic activity. Is there any provision in R12 to write off several commitment balances in one go, like Auto Adjustment.

    Hi
    See Note 1150062 - FS-PP: Customizing settings for Clearing of Trivial Amounts.
    I hope this helps you
    Regards
    Eduardo

  • R12 - Accounts Payable & PO Accrual Reconciliation Report - write offs

    Hi,
    As a relative novice to Oracle I need some help.................
    My question regards the above which is essentially a "goods received not invoiced" report.
    I have a number of items on the report which I would like to write off for two reasons:
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    (2) Items that we've never received an invoice for (we've received the stock for free!). ie there is only an entry in the PO column of the report.
    For the above I would like a method of writing off these balances from the report.* This should therefore create a credit in my P&L account.
    Your thoughts please.
    Thanks in advance.
    Jon

    This is the forum for the SQL Developer tool. You need to ask your question in an eBusiness suite forum.

  • Impact of Sales Write off amounts on Tax liability

    Hi Friends ,
                       Did any of you had tis situation at your client ? I want to know the impact of tax liabilitry on sales write off amounts  , will it reduce the tax liability if sales write off amounts or in other words the bad debts are considered for tax calcualtion. Any inputs greatly accepted,
    thank you ,

    I am trying to post the tax portion to the tax liability account during write-off in IS-U FICA. Is there a way I can post the tax portion on the invoice to the tax liability account instead of posting the entire amount to the expense account? Any help is highly appreciated.

  • AP Accrual write off

    Hi,
    Kindly help to me to understand under what situation we need to write-off the AP accrual ?
    Wouldn't we want to accrue all univoiced Receipts ?
    Thanks

    Here are some resons:
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    3. Lot of times finance creates invoice for freight with accrual account with no reference to PO.this gets qualified for writeoff.
    4.Invoicing for more quantity than what has been recvd. On the similar note invoicing in advance but never received.
    Actually if you look at the reasons for the accrual build up you will find answers.
    HTH
    Nagamohan

  • How to map Write-Off details to GL

    Hi,
    I'm using cst_write_offs,cst_write_off_details tables in one of my query. I want to know how we can map these tables to the GL tables.
    Scenario:
    Need to fetch rcv_transaction_id and po_distribution_id from the above write-off tables.
    I am getting WRITE_OFF_ID from other query which I'm passing to these write-off tables to get the write-off data.
    However there are multiple records in the cst_write_off_details table for one WRITE_OFF_ID. I found that AE_HEADER_ID and AE_LINE_ID combination is unique for these records.
    Is there any chance of getting single record from this table?
    Is there any revelence in AE_HEADER_ID and AE_LINE_ID with GL header and line details and can we map those?
    Please help.
    Thanks and Regards,
    Ravindra

    user12228525 wrote:
    Is there any revelence in AE_HEADER_ID and AE_LINE_ID with GL header and line details and can we map those?
    Hi Ravindra,
    The AE_HEADER_ID is a reference for an accounting entry created at subledger level .... it is not directly linked in to GL_JE_HEADERS/ GL_JE_LINES , however the link between them is made available in the GL_IMPORT_REFERENCES table.
    In the GL_IMPORT_REFERENCES table, you have a column for JE_HEADER_ID which is a reference available in GL_JE_HEADERS Table ... and you have a column for REFERENCE_7 which is a reference to the AE_HEADER_ID in the XLA_AE_HEADERS table.
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    Ivruksha
    Edited by: Ivruksha on Dec 11, 2012 7:30 PM

  • Asset write-off in prior month.

    Is it possible to write off assets from an earlier month end date e.g the NBV of assets with a month end date of 31/05/09 or can you only write off within the current month?
    If this is possible, how will SAP deal with the depreciation and how will it charge any depreciation posted after that date?

    Hi Jeremy Lumb
    Yes you can retire an asset in prior period where depreciation has already been posted. The system will recalculate the total depreciation for year in the retirement year and make adjustments (positive value) in the next period. You can then run depreciation again so the adjusted value will be posted .
    Hope this helps.
    Thanks
    Sanjeev

  • Lockbox write-offs and reson codes

    Hi
    I have been looking at implementing reason codes to apply different gl's for automatic write-off for vendor and customer payments.     The tolerances are set and the reason codes and gl's are set,  however we want to apply this change for lockbox processing as well.  The file we are using is BAI2 and I have been advised that we can get a reason code added by the bank to process these write-off's automatically,  however I am looking at the file format and I can't work out which field on the file relates to the reason code,  I am not sure the format I have is correct.    Can some one please advise the correct BAI2 format and which field should hold the reason code.  Also if I then I manage to add a reason code is this the correct approach for differences with lock-box
    thanks.

    HI Ravi,
    path is
    SPRO > Financial Accounting > contract A/R A/P > Basic functions > particular aspects of taxation procedure > tax adjustment for write offs
    or
    Tcode
    FQZ04T
    or
    FQC0 and type the posting area .
    thanks,
    VR

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