FC Amount or FC Percentage/Balances Less Than Input Amount

The FC Amount or FC Percentage/Balances Less Than Input Amount field on the AR Automatic Write-Off form.

The title of this field changes depending on the Write-Off Type you selected.

FC Amount or FC Percentage

This title displays when you select the Write-Off by Finance Charge type.

Specify the write-off amount or percentage. If you did not elect to use either of the 'FC By %...' options, this value represents a flat amount to write off. If you elected to use one of the 'FC By %…' options, this value represents a percentage of the finance charges to write off. See the F1 help for the 'Write Off by Finance Charge' options for information on how this value is applied.

Balances Less Than Input Amount

This title displays when you select the Write-Off by Invoice Balance or Write-Off by Account Balance types.

Specify the amount to determine what balances will be written off. Balances that are equal to or less than this amount will be written off. Balances that are greater than this amount will be skipped.

The title of this field changes depending on the Write-Off Type you selected.

Note: The system regards this amount as an absolute value (i.e. ignores whether the value is negative or positive); therefore, if you specify $10.00 here, the system will write off any balance between –$10.00 and $10.00.