There may be circumstances when you need to write off the invoice amount. For example, if a consumer has underpaid and does not want to Industry List leave the balance on the invoice. You can accomplish this by using a payment concession. You can use Industry List payment concessions to allow a fixed maximum for each outstanding amount of payment concessions .
The amount of the payment is analyzed when the payment allowance is deducted. Also, the underpayment closes the outstanding amount when the Industry List underpayment amount is an underpayment. To prepare with no amount left on the applied invoice entry, a large ledger entry is inserted into the payment entry. Whenever a payment Industry List amount is overpaid, a new detailed ledger entry is sent to the payment entry to ensure that no amount is left on the payment entry.
You can use payment discount concessions if you accept a payment discount after the payment discount date, then it is always placed. The payment Industry List concession account or payment discount account. If you are currently pulling reports to review and process a small dollar write - off? These simple steps allow you to configure to automatically process a small dollar write-off to a bad Industry List debt or discount account when an invoice is oversubscribed or overpaid. Here's how to leverage payment concession in Business Central.