| # Write Off Bad Debts Supplier (tfacp2230m00c) Use this session to to write off payment differences related to bad debts. If a customer fails to make payment to a supplier within six months from the date of invoice, the supplier must credit or claim refund for the input tax which is paid at the time of sale, as output tax. The supplier must include the deemed output tax in the GST return. This output tax must be included in the taxable period which falls immediately after the expiry of the six months. Subsequently when the payment is made, the GST paid can be claimed. Note To write off the payment differences for an invoice using this session, the invoice must be generated six months or before in the Write Off Payment Differences (tfacp2230m000) session. Post If this check box is selected, the payment differences are posted to the General Ledger. GST Amount Only If this check box is selected, only GST amounts are written off. Select Specific Invoices If this check box is selected, only specific invoices can be selected. Invoice-from Business Partner The From and To fields define a range of: invoice-from business partners. Transaction Type The From and To fields define a range of: transaction types. Document The From and To fields define a range of: documents number. A combination of transaction type and document number is used to identify invoices. Invoice Period The From and To fields define a range of: fiscal year to which the financial transactions are linked. Currency The From and To fields define a range of: currency in which the differences are posted to general ledger. Due Date The From and To fields define a range of: due dates. Max. Amount to be written off The maximum amount for each invoice to be written off as payment difference. If the open amount of an invoice is smaller than this amount, LN writes it off as payment difference. Note The open invoice amount must also meet the condition displayed in the Max. Percent to be Written off field. Otherwise, LN will not write off anything. Max. Percent to be Written off The maximum percentage over the total invoice amount which may not be exceeded by the open balance to be written off as payment difference. To write off a payment difference for an invoice, the open invoice balance must also be less than the amount displayed in the Max. Amount to be written off field. Document Date The date on which the payment difference transactions are written off. Allowed values This date must be in the fiscal period you define. Fiscal Period Enter the fiscal year in which the payment difference transactions must be included. Fiscal Period Enter the fiscal period in which the payment difference transactions must be included. Allowed values The period must have status Open for the Accounts Payable module. Reporting Period Enter the year of the reporting period for the payment difference transactions. You can access this field if the Reporting Periods check box in the Group Company Parameters (tfgld0101s000) session is selected. Reporting Period Enter the reporting period for the payment difference transactions. Allowed values This period must have status Open for the Accounts Payable module. You can only access this field if the Reporting Periods check box in the Group Company Parameters (tfgld0101s000) session is selected. Tax Period Enter the year of the tax period for the payment difference transactions. Tax Period Enter the tax period for the payment difference transactions. Allowed values This period must have the status Open for the Accounts Payable module. Document Enter a series number that is defined for the transaction type for payment differences in the Transaction Type Series (tfgld0114m000) session. LN uses the first free number to create a document number. All payment difference transactions created in one run are posted under this document number. Batch A batch consists of a group of transactions which fall within one period. Print Details If this check box is selected, a detailed report is printed regarding the write off of the payment differences. Write Off Posts the payment differences for the selected documents. |