Overview
The aim of this document is to set up payment tolerance for payments in all currencies.
How to find + Setup
Go to the General Ledger Setup ribbon – Actions part. There is the button Change payment tolerance.
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In Appliation FastTab, please select Payment Tolerance or Payment Discount Accounts for Payment Tolerance Posting. You can also enable Payment Tolerance Warning. When posting payments with payment tolerance, you can choose if balance should be posted as remaining amount or as payment tolerance.
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How to start
Decide about maximal payment tolerance amount. You can choose maximal percentage or fixed amount.
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Process example
Setting up payment tolerance for GBP (£5). Before start, it’s useful to check the actual state. So please check for example open Customer Ledger Entries, Max. Payment Tolerance column. Payment tolerance is 0.00.
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Click on the action Change Payment Tolerance and fill here required values:
Click OK
NAV will ask you if you want to change payment tolerance for existing open entries. Click YES.
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