Creating cash application adjustment reason codes

  1. Select Financials > Receivables > Setup > Reasons.
  2. Click Create.
  3. Specify this information:
    Company
    Select a company number.
    Receivable Reason Type
    Select Cash Application Adjustment.
    Receivable Reason
    Specify the adjustment reason code.
    Description
    Provide a description for the adjustment reason code.
    Receivable Adjustment Reason Type
    Select the adjustment reason type. The options are Chargeback, Discount, Over Short, Grouping, Payment Transfer or Tax Withholding.
    Account
    Specify the default account information.
    Receivable Invoice Dispute Code
    Select the receivable invoice dispute code for the disputed transaction.
    Active
    Select this check box to make the adjustment reason active.
    Adjustment Amount Review Limit
    Specify the adjustment amount review limit if Conditional Review Required is the value for the Review field.
    Adjustment Amount Review Percent
    Specify the adjustment amount review percent if Conditional Review Required is the value for the Review field.
    Review
    Select the type of review.
    Requires Approval
    If the Review field contains a value, then this check box is available. Select this check box if approvals are required, then add a field description.
    Approval Code
    Specify the default approval code if the Requires Approval field is selected.
    Rejection Reason
    If this field is selected, then a rejected approval must have a corresponding reason and the Requires Approval field must be selected.
    Attachment
    If an attachment is required, then a corresponding reason is required for rejected approvals and the Requires a Review field must be specified.
  4. For Receivable Adjustment Reason Type defined as Chargeback, specify this information:
    Chargeback Type
    Determines the type of chargeback processing.
    Chargeback Account
    Select the charge back account.
    Chargeback Dispute Code
    This is the default dispute code used when a chargeback is created in dispute.
    Finance Code Block Override
    Select whether to allow or prevent the process level finance code block override.
    Accrual Account
    Specify the account information on accruals.
    Active
    Select this check box to active the reason code.
  5. Click Save.