Waiving a Late Charge or an Invoice Small Balance

This feature provides a quick method of adjusting an invoice balance to waive a late charge amount or to write off a small balance on an insured's accounts receivable. The maximum amounts that persons with appropriate security are authorized to write off are set in Agency Setup > Accounting Options.

Late charge amounts are posted to GL account #41210 - Late Charges Waived and small balance amounts are posted to GL account #41220 - Small Balances Waived.

There are two places you can access the form to waive a late charge or a small balance.

 

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