Creating a Deduction Daybook
When setting up deductions, define one or more Customer Deduction type daybooks that are used for two purposes:
• A daybook of type Customer Deduction, where the system posts deductions you create in Customer Payment Create, Banking Entry Create, and Petty Cash Create.
A customer invoice of type Deduction is created after you save a payment that has a deduction. The invoice uses the daybook linked to the customer daybook deduction profile associated with the bank GL account used for the payment. This daybook is also used where automatic write-offs are allowed and occur in the same transaction as the deduction.
• A daybook of type Customer Deduction, associated with the deduction category where the system posts reviewed, approved, and written-off standard deductions.
If you want to differentiate between the deduction creation and approved write-off deduction transactions, you can use different Customer Deduction type daybooks. However, you can also use the same daybook for both types of transaction.
