Add payment adjustment lookup codes for collections

If you will send unpaid invoices to collections, you need to add payment adjustment codes to track deductions from payments that go to outside agencies, such as collection agencies.

1. Choose Tools → Lookup Tables.

   The Lookup Tables dialog box appears.

2. Expand Invoicing and Accounts Receivable Codes, and then select Account Collection Payment Adjustments.

   

3. Click Setup.

   The Lookup - Account Collection Payment Adjustments dialog box appears.

   

4. Click New.

   The Code for Account Collection Payment Adjustments dialog box appears.

   

5. In Code, enter a short text and/or number combination that is meaningful to you.
6. In Description, enter a description for the code.
7. Select Default this code in the adjustment list to default this code in the paid collection records.

8. In Adjustment % (of balance due), enter a value.

   Note: If there is a flat fee associated with this code, leave the value at zero and add the flat fee later when you apply payment from collections.

   Information on applying the payment is available in Apply a payment from collections.

9. Click Save.
10. Repeat steps 4-9 for any other payment adjustment codes you would like to add.
11. Continue with Add invoice item lookup codes.