What Are "reason Codes" Used For In The Accounts Receivable Module An

1.	What Are "reason Codes" Used For In The Accounts Receivable Module And What Are The Factors To Be Considered In Their Configuration?
Answer» REASON codes are tags which can be ASSIGNED to EXPLAIN under/overpayments during the allocation of incoming customer payments. They should not be confused with ‘void reason codes’ used when outgoing checks are generated. During configuration the following are determined Whether the items booked with these reason codes are to be flagged as disputed items for the purposes of credit management (disputed items do not increase a customer credit exposure. The type of correspondence (if any) to be generated for this reason code as a result of the under/over PAYMENT. Whether a separate line item should be created to charge off the payment DIFFERENCES to a separate G/L account. Reason codes are tags which can be assigned to explain under/overpayments during the allocation of incoming customer payments. They should not be confused with ‘void reason codes’ used when outgoing checks are generated. During configuration the following are determined

What Are "reason Codes" Used For In The Accounts Receivable Module And What Are The Factors To Be Considered In Their Configuration?

Answer»

REASON codes are tags which can be ASSIGNED to EXPLAIN under/overpayments during the allocation of incoming customer payments. They should not be confused with ‘void reason codes’ used when outgoing checks are generated.

During configuration the following are determined

Whether the items booked with these reason codes are to be flagged as disputed items for the purposes of credit management (disputed items do not increase a customer credit exposure.
The type of correspondence (if any) to be generated for this reason code as a result of the under/over PAYMENT.
Whether a separate line item should be created to charge off the payment DIFFERENCES to a separate G/L account.

Reason codes are tags which can be assigned to explain under/overpayments during the allocation of incoming customer payments. They should not be confused with ‘void reason codes’ used when outgoing checks are generated.

During configuration the following are determined

What Are "reason Codes" Used For In The Accounts Receivable Module And What Are The Factors To Be Considered In Their Configuration?

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