Write Off Account Balance with Adjustment Codes

On the adjustment codes system control file, the feature to write off a balance with a payment code 41-49 is now active. If a payment transaction is made using that adjustment code, the system will write off the balance on that individual account using the balance adjustment payment code that is setup within the adjustment code. The account will be closed with close code 1, paid in-full..

If an account has different balance types the system will write off all the open balances on the individual account, after the payment is applied.

This option works only for open accounts and only affects the account on which the payment is processed.

Keywords : kbase adjustment codes kbase balance kbase close code