A Quick Adjustment is useful for writing off small amounts such as discrepancies in Foreign Currency Transactions. The written-off amount excludes tax and is placed in the Discounts Received Account by default. Once a Quick Adjustment is posted the transaction is created as a Creditor Invoice (CI) Journal. Can be used to write off both local and foreign currency transactions. 

Note: System Parameter “Maximum Discount Allowed” may also be used to set the discount limit.

To make a Quick Adjustment: 

From the Inquiry tab, select the transaction to be adjusted. Once selected, click the Clean Up Transactions button to open the Quick Adjustment pop-up window: 

By default, the Quick Adjustment is set to go to the “Discount Received” General Ledger account (Linked account). This account can be changed by selecting the button located to the left of Account. Enter the Date, Reference, Description, and select the appropriate account. Click post to create the Quick Adjustment transaction. The transaction that is created is a Supplier Payment (CP) Journal and the outstanding balance will be set to 0.00 removing the transaction from the Outstanding Transaction list. 

---