Automatic Adjustments to Receivables Transactions

Use the Create Automatic Billing Adjustments process to automatically adjust the remaining balances of all open invoices, debit memos, credit memos, and chargebacks.

When you run Create Automatic Billing Adjustments, the process:

• Creates pending and approved adjustments based on your adjustment approval limits.

• Closes the appropriate items.

You can run the process in preview mode to review the proposed adjustments before updating your open items.

Use the Create Automatic Billing Adjustments process parameters to manage the adjustment of specific sets of transactions, for example, by remaining amount, due date, transaction type, customer name, or customer account number.

If you enter a remaining amount or percentage range that exceeds your adjustment approval limits, the Create Automatic Billing Adjustments process creates these adjustments with a status of Pending Approval. You can refer these adjustments for approval to an approver with the appropriate limits.

If the remaining amount or percentage range is within your adjustment approval limits, the process automatically approves these adjustments.