Set Up Receivables for Write-off and Cash Collections

This example demonstrates how to define an activity with the adjustment type that is to be reserved for collection write-offs.

Perform the following steps to define the activity:

1. On the Setup and Maintenance work area, search for the Manage Receivables Activities task.

2. Click Create.

3. On the Manage Receivables Activities page, complete the fields as shown in the following table:

   Field	Value
   Business Unit	Vision Spain
   Name	Write off for ES Online VAT
   Activity Type	Adjustments
   GL Account Source	Activity GL account
   Activity GL Account	Enter the account you want to use
   Tax Rate Code Source	None

   You must define the receipt method for cash collections before you report the annual cash collections.

Set Up Receipt Method for Cash Collections

Perform the following steps to set up the receipt method for cash collections:

1. On the Setup and Maintenance work area, search for the Manage Receipt Classes and Methods task.

2. Click Edit.

3. Enter values in the fields as shown in the following table:

   Field	Value
   Regional Information	Online VAT Reporting for Spain
   Cash Collections	Yes

   All receipts that you enter through this method are now selected for cash collections reporting.