{"id":7345,"date":"2014-04-28T08:25:26","date_gmt":"2014-04-28T08:25:26","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=7345"},"modified":"2018-09-17T05:47:50","modified_gmt":"2018-09-17T05:47:50","slug":"write-off-entry-in-sage-300-erp","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/04\/28\/write-off-entry-in-sage-300-erp\/","title":{"rendered":"Write off entry In Sage 300 ERP"},"content":{"rendered":"

Many times we come across a situation where a customer pays the rounded figure of invoice amount and we have to write-off the difference amount. Also, there are plenty of bad debts which we need to write off. For these requirements, sage 300 ERP provides an option known as \u201cCreate write off\u201d. Using this option we can pass the adjustment entry of required amount in an only single click.<\/p>\n

New Stuff:\u00a0<\/strong><\/em>Subsidiary Ledgers and General Ledger<\/a><\/p>\n

To avail this feature, navigate to:
\nAccounts receivable >> A\/R periodic processing >> Create Write-Off batch<\/strong><\/p>\n

\"Untitled\"<\/a><\/p>\n

This screen has four selection criteria depending on which you can write-off the overdue (for Bad Debts) or outstanding transactions (for round off). You can specify whether to select documents to write off by document date or due date, and whether to select single documents or all documents in the specified customer accounts.<\/p>\n

\"Untitled\"<\/a><\/p>\n

Let\u2019s understand this functionality in detail with the help of an example;<\/p>\n

You raise an invoice of USD 109.33 against a customer including all taxes and miscellaneous charges. Due to round off at the time of receipt, you are required to debit the bank by USD 109. The reason behind this may be that the customer prefers to pay rounded off amount instead of decimal.<\/p>\n

Here you have to enter the receipt details as per actuals i.e. after round off.<\/p>\n

\"Untitled\"<\/a><\/p>\n

Next, move to \u201cCreate Write-off\u201d Batch Section. Enter the required information like, range of amount\/percentage to write-off, posting date of write-off entry and finally click on Process.<\/b><\/p>\n

Like in our case, we have selected a range from -0.90 to +0.90 which will create the adjustment entry of all those unapplied amounts that fall under this range.<\/p>\n

\"Untitled\"<\/a><\/p>\n

Below is the adjustment entry which is created on clicking Process<\/b>:<\/p>\n

\"Untitled\"<\/a><\/p>\n

In the same way, if you are required to pass a receipt of amount 110 against the invoice of 109.86 then system will generate an adjustment entry of debit balance.<\/p>\n

So, using this feature we can save our time required to pass the adjustment entry of the overdue or outstanding amounts. Also, this procedure reduces the chances of human error.<\/p>\n

About Us<\/strong><\/span>
\nGreytrix<\/a> a globally recognized Premier Sage Gold Development Partner is a one-stop solution provider for Sage ERP and Sage CRM needs. Being recognized and rewarded for multi-man years of experience, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third party add-on development and implementation expertise.<\/p>\n

Greytrix<\/a> offers unique GUMU™ integrated solutions of\u00a0Sage 300 with Sage CRM,<\/a>\u00a0Salesforce.com\u00a0<\/a>and\u00a0Magento eCommerce<\/a> along with Sage 300 Migration from Sage 50 US, Sage 50 CA, Sage PRO, QuickBooks, Sage Business Vision and Sage Business Works<\/a>. We also offer best-in-class\u00a0Sage 300 customization and development services<\/a>\u00a0and integration service for applications such as POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage 300 ERP<\/a> and in Sage 300c development services we offer services such as upgrades of older codes and screens to new web screens, newer integrations using sdata and web services \u00a0to Sage business partners, end users and Sage PSG worldwide. Greytrix offers over 20+ Sage 300 productivity-enhancing utilities that we can help you with such as GreyMatrix<\/a>, Document Attachment<\/a>, Document Numbering<\/a>, Auto-Bank Reconciliation<\/a>, Purchase Approval System<\/a>, Three way PO matching<\/a>, Bill of Lading<\/a> and VAT for Middle East<\/a>.<\/p>\n

For more details on Sage 300 and 300c Services, please contact us at\u00a0accpac@greytrix.com<\/a>. We will be glad to assist you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Many times we come across a situation where a customer pays the rounded figure of invoice amount and we have to write-off the difference amount. Also, there are plenty of bad debts which we need to write off. For these requirements, sage 300 ERP provides an option known as \u201cCreate write off\u201d. Using this option\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[18,60,79,127,327,877,1837,1844,2311,3074],"class_list":["post-7345","post","type-post","status-publish","format-standard","hentry","category-sage-accpac","tag-18","tag-account-receivable","tag-accpac","tag-adjustment-entry","tag-balances","tag-erp","tag-outstanding","tag-overdue","tag-sage","tag-write-off-entry"],"yoast_head":"\nWrite off entry In Sage 300 ERP - Sage 300 ERP \u2013 Tips, Tricks and Components<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/04\/28\/write-off-entry-in-sage-300-erp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Write off entry In Sage 300 ERP - Sage 300 ERP \u2013 Tips, Tricks and Components\" \/>\n<meta property=\"og:description\" content=\"Many times we come across a situation where a customer pays the rounded figure of invoice amount and we have to write-off the difference amount. 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