This procedure is used to create customized payment options to make and record various adjustments needed when a payment is received in ‘Payment Received. Record’ (ARS110/F), such as deductions and variances.
Accounting identities to be reserved for payment adjustments must be defined in ‘Accounting Identity. Open’ (CRS630).
Start ‘Receipt Variance. Open Account Options’ (ARS020/B).
Enter an accounting option ID. (The valid alternatives are 20–98. Option 99 must always be created; it is reserved for rounding differences between local and foreign currencies.) Click New.
On the E panel, enter a description, the account charged, approved maximum amount, whether VAT or sales tax should be calculated, and whether the record must be confirmed. (If a confirmation is required, the information in the option can be changed.)
Select write-off method, that is, specify whether the write-off should be applied on invoice level or on payer/payee level. Press Enter.
Repeat steps 2-4 for each customized option.