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Overview (Entering QuickCash Receipts)

Use the globalization flexfield in the Receipt Batches window to view and modify the received interest amount for QuickCash transactions for overdue invoices. Receivables only applies interest to QuickCash transactions when the application type is Multiple.

For QuickCash receipts, if the received interest amount is less than the calculated interest amount, Receivables calculates whether to write off the outstanding interest or generate an Interest Debit Memo. This calculation is based on the parameters that you enter in the Global Receipt Method Accounts window.

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