Streamline Your Workflow with Fusion Invoice for Administration

Fusion invoice for Administration

hello Prince Welcome to our Channel today we'll discuss air adjustment so what is exactly air adjustment and what's the business purpose of air adjustment so let us start [Music] as you can see here in which adjustment it's an air adjustment is a transaction that applies a debit or credit in order to modify the amount driven by customer so adjustment is nothing but adjusting inverse about customer invoice amount so there can be various reasons you can apply an adjustment like tax adjustment like any tax components or fried companies you want to adjust that you can do through this adjustment transaction or there can be any better customer is not able to pay and any line amount you want to adjust for an invoice so that you can do through an adjustment transaction the whole purpose is that any open amount which uh ultimately you don't want to get from the customer I and you should not able to it should not be appear in any aging report here in voice changing Depot done you want to close that customer account through smart adjustment that also you can fulfill throw adjustment transaction so how we can do this so let us [Music] go to the system and see receivable so I have one transaction this is the transactions and uh let me query this transaction this transaction amount is 1200 and we want to make an adjustment transaction of 200. okay so customer need to pay 1000 but we have billed uh 1000 and uh sorry we have built the customer 1200 and but the ultimate amount should be 1000 so we'll make an invoice adjustment of 200 so how we can do that so first we have to create one adjustment activity so adjustment activity what it will do it will apply to the invoice and create generate the related accounting entries for the adjustment transaction so let us create one adjustment activity go to setup and maintenance okay so here uh if I go to here and receivable activity okay from Financial setup you can go to here functional area and select the text manage receive electricity to create one adjustment activity business you need for business unit one uh one okay so this is one adjustment we are creating test okay so for the adjustments we have to mention one activity GL account okay so here the adjustment activity type you have to mention here that that is very important like you can see a lot of adjustment types so each of the adjustment type was different purpose to fulfill so here our case we have to adjust one invoice so keep the here the account here the adjustment activity jail account okay same One Touch line adjustment [Music] so we have created The Adjustment activity now go to transaction billing this is your transaction where we want to apply some adjustment okay so go to action and here manage adjustment foreign adjustment so adjustment type line adjustment how much you want to adjust 200. the total amount of the invoice is 1200 and the adjustment we are doing for 200. so submit adjustment originates discount okay the customer we are giving 200 discount to customer finally the customer has took with submit [Music] so here you can get the message you don't have the adjustment approval limit defined so now adjustment transaction is created so now what is your next setup we find the approval limit for the adjustment so we have not defined approval limit for an adjustment that's why we are getting this message so any user who is performing any adjustment or applying any adjustment against any air invoice the user should have the proper approval limit to this do this transaction adjustment transaction so either the user or it showed any other user who has the approval limit for the adjustment only can approve the shortest route so what we can do we can go to the setup and maintenance and create approval limit for this user okay click on done so we'll log into another user and set up approval limit for this particular review [Music] [Music] foreign limit for each one with your account so setup and maintenance go to Financial achievable sorry go to the setup text manage approval limit and here click an add button and set up the adjustment so what is the username so my my username is or an Android User display an image synonym [Music] and uh the documentary the document type we have to select here its adjustment currency in USD because we are creating adjustment for uh one business unit approval limit for example minus 1000 plus 100 chip disabled question so now we have created adjustment limit Now log out of this user and login to the SARS IMB [Music] foreign [Music] manage transaction [Music] transaction numbers h647 65 and now we'll see if the adjustment is approved or not because we have assigned the approval limit for digital and then we can see the adjustment status so now you can see the adjustment is approved and uh if you go to action and uh view balance detail you can see the original invoice amount is 1200 and you can see here the adjustment minus 200 is applied here and the balance amount the customer has to pay now is 1000 okay if you go to manage view transaction activities you can see the adjustment is applied 5.44 adjustment and status is approved in that way you can manage the adjustment and apply negative or positive adjustment based on different requirement like tax adjustment flight adjustment line adjustment or any better adjustment I hope you understand this concept subscribe to our channel to get the latest update thank you guys