Small Write-Offs

Key Benefits include:

• Automated Identification: The extension reads outstanding amounts on invoices and identifies small discrepancies.
• Penny Payments: Automatically generates “penny payments” to address minor discrepancies, ensuring accounts are balanced.
• Full Reconciliation: These payments fully reconcile and close the invoice, maintaining accurate financial records.
• Adjustable Thresholds: Set adjustable thresholds for identifying small amounts eligible for write-offs, allowing for flexibility based on business needs.
• Automated Payment Records: Automatically creates small payment records, reducing manual effort and improving efficiency.
• Ledger Matching: Ensures full matching of payments against invoices to balance the ledger accurately.

• Customisable Settings: The process can be customised based on specific locations, customer accounts, or payment accounts.
• Multiple Instances: Multiple instances of this process can be executed simultaneously, each with different criteria to cover various scenarios.
• Scenario-Based Thresholds: The rounding threshold can be set on a scenario basis, providing tailored solutions for different business situations.

• Efficiency: Reduces manual effort in handling small discrepancies, saving time and resources.
• Accuracy: Ensures accurate financial records by fully reconciling and closing invoices.
• Flexibility: Adjustable thresholds and customisable settings allow for tailored solutions to meet specific business needs.
• Scalability: Supports multiple instances and scenarios, making it suitable for businesses of all sizes.