Write-Off Service Charges

If you choose to use the automatic Service Charge Write-Off feature, for any invoice that has a value of ‘Y’ (Yes) for the “Write Off?” field, the system generates a reversing entry for any service charges. These write-offs credit the appropriate Accounts Receivable account and debit the Write-Off account established in the Parameters file.

Thus, the post to General Ledger of a $25.00 write-off updates the following accounts: