To set up adjustment types, open
.Description of Page
Enter a unique Adjustment Type and Description for the adjustment type.
If an adjustment type extension exists for the adjustment type, a link to the extension record is displayed next to the Adjustment Type ID.
The Adjustment Amount Type indicates whether or not the adjustment amount or details to support the adjustment amount is generated or not. Select Calculated Amount when you want to use a generate algorithm to generate the adjustment amount or generate calculation line details to support the adjustment amount, otherwise select Non-Calculated Amount. Refer to Generated Adjustments for more information about generated adjustments.
Enter the Distribution Code that references the GL account associated with the adjustment. For example, if this adjustment type is used to levy a charge for a bad check, the distribution code would reference the revenue account to which you associate such revenue. Note, the offsetting distribution code is kept on the obligation type.
Distribution Code for Generated Adjustments. Depending on the algorithm used for the generated adjustment, the distribution code may come from the adjustment type or the calculation lines of the adjustment. If the adjustment's FT creation algorithm gets the distribution code from the calculation lines, you do not need to specify a distribution code on the adjustment type.
For more information about the source of the distribution codes on financial transactions, see The Source Of GL Accounts On Financial Transactions.
Use Adjustment Type Category to assign a broad category to the adjustment type. Valid values are Assessment, Credit, Manual Adjustment, Manual P&I, Penalty & Interest, Waiver, Write Off.
Define the Debt Category to assign to the financial transaction for debit adjustments (adjustments with amounts greater than or equal to 0) created for this adjustment type.
If this adjustment type is for a certain type of credit adjustment and it has special rules for how credits are applied in the base Determine Detailed Balance algorithm, define the appropriate Debt Category Priority. Refer to Debt Categories and their Priorities for more information.
Enter the Currency Code for adjustments of this type.
Turn on Sync. Current Amount if adjustments of this type exist to force an obligation's current balance to equal its payoff balance. These types of adjustments are issued before an obligation's funds are transferred to a write-off obligation. If this switch is on, choose an Adjustment Fin Algorithm that does not impact payoff balance or the GL, but does affect the obligation's current balance (refer to ADJT-CA for an example of such an algorithm).
Enter a Default Amount if an amount should be defaulted onto adjustments of this type.
If the A/P Adjustment should be recorded in respect of the taxpayer's income statement amounts, indicate the Income Statement. The values of this field are Interest and Miscellaneous. This type of adjustment would also have an A/P Request Type Code selected, as income statement reporting is handled in A/P.
Turn on Print By Default if information about adjustments of this type should print on the account's next bill.
Choose an A/P Request Type if this adjustment is interfaced to accounts payable (i.e., it's used to send a refund check to a taxpayer). Refer to A/P Check Request for more information.
The Adjustment Freeze Option defines when adjustments can be frozen and therefore when an obligation's balance and the general ledger are affected by an adjustment. Refer to Preventing Obligation Balances And The GL From Being Impacted Until Bill Completion to understand the significance of this option. Also note, if the installation option's Bill Segment Freeze Option is Freeze At Will, this field is defaulted to Freeze At Will and cannot be changed.
Set Allow Manual Creation to Allowed if you want to allow users to manually create adjustments of this type from the adjustment page, otherwise set it to Not Allowed.
Set Allow Manual Cancellation to Allowed if you want to allow users to manually cancel adjustments of this type from the adjustment page, otherwise set it to Not Allowed.
If adjustments of this type require approval, define an Approval Profile. For more information, refer to The Big Picture of Adjustment Approvals.
Enter the verbiage to appear on the printed bill in Description on Bill.
Use an Adjustment Business Object to define a BO that may govern the display and maintenance UI maps for adjustments of this type as well as additional rules related to adjustments of this type.
Use the characteristics collection to define a Characteristic Type and Characteristic Value common to all adjustments of this type. These can be used for reporting purposes or in your algorithms.
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