Setting Up Court Stipulated Reduction of Collection Loss Write-Off Amount

This topic outlines how your agency can address the following issue in the Tenant Accounts Receivable program:

Your HA writes off an amount as "un-collectable" and files a claim in court to attach or garnish the wages of the tenant.
The Court reduces the amount that can be collected from the tenant, thereby changing the “Balance Due” on the collection loss account.
Your HA wants to change the amount on the collection loss account but notaffect the General Ledger balances.

Set up a "Court-Stipulated Reduction" transaction type. See "Setting Up Transaction Types"

Map the transaction type to the Collection Loss account. See "Mapping Transaction Types"

For each development, map the "Court-Stipulated Reduction" transaction type to the income account that is the exact same account as the development's posting account. See "Mapping Income Accounts"

Video Tutorial: Map Income Account