Draft Write-Offs

After a draft has been approved and posted, but before the maturity date settlement, you can apply a write-off so that the maturity date settlement does not occur. Use the Draft Write-Off page to specify the write-off account and the write-off date. PeopleSoft Payables does not delete drafts that are written off from the PeopleSoft Payables system. When you run the Payment Posting process, it automatically creates accounting entries.