Loss WriteOff

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Loss WriteOff

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The Loss WriteOff transaction will perform a transactions that accounts for a provisional credit previously given to the customer that was made permanent.

 

RegE_078

 

The transaction will be between two GL accounts and credit the Provisional Credit account and debit the Bank Loss account. If the provisional credit was original assigned at the branch, then the writeoff transaction will have to be adjusted accordingly thru the special data entry field of -1.