EAR8.8SP1+: Write-off of a Net Debit or Net Credit Transaction is not Allowed for Items With VAT Amounts (Doc ID 2057108.1)

Last updated on SEPTEMBER 21, 2016

Applies to:

PeopleSoft Enterprise FIN Receivables - Version 8.8 SP1 to 9.2 [Release 8.8 to 9]
Information in this document applies to any platform.

Goal

User tried to write off remaining debit or credit for an item with VAT entry and the following error is triggered:

Net Debit or Net Credit transactions for Items with VAT amounts may not be written off (6040,733)

The Write-off of a Net Debit or Net Credit transaction is not allowed for Items with VAT amounts.
Instead, you must Write-off Items with VAT amounts using a Write Off Debit (MT-03) or Write Off Credit (MT-02) transaction.

Is this working as designed ?

Solution

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