Requirement:
If the amount difference between the Bill and Bill Payment is between 0 and 5, automatically generate the journal entry to pay the bill transaction.
Solution:
- If the difference between the Bill and Bill payment amount is between 0 and 1, a new Bill Credit(Memo: Rounding Off) will be created automatically for the remaining amount after submitting the Bill payment record.
- The GL impact will be the account Rounding Off as Credit and AP Account as Debit in the bill credit record.
Risk:
- If automatically generate a journal entry and then need to repeat the process of creating a bill payment automatically by using the same bill and journal to pay the bill.
- Instead, we need only create a new bill credit for the same to pay the bill