Skip to Content
author's profile photo Former Member
Former Member

How to monitor partial payment

Dear All:

In my case, I always pay more money for original AR because I forgot partial payment had been done before. How I monitor AR overpayment when past partial payment exist?

Thanks for the help suggestion first. Sorry for error description above.

1.first for specific overdue analysis policy of company, we use partial payment.

2.And then the question comes. According to contract item, we send invoice to customer only once and receive payment in several step. Each time income received, we use partial payment to clear the AR (to relate payment with original AR). But one customer may have some contracts with us, it always pay for all contract in certain amount at one time. We shall manually divide amount for each contract. If user forgot one contract was paid partially before, he may clear the AR totally at sencond time and then the first payment will still outstanding in open item. Finally we can find many partial payments received but can't refered to any invoice.

So we are finding a way to control AR clearing to check whether partial payment exist and if the total amount is over original invoice it couldn't be cleared.

Thanks to give me some suggestion.

Message was edited by:

Tommy shi

Message was edited by:

Tommy shi

Message was edited by:

Tommy shi

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

5 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Feb 25, 2007 at 09:00 AM

    Better you go for residual payment. In this case you will not pay more than original invoice value

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Feb 25, 2007 at 09:13 AM

    When you say AR it is receivable for you.

    When you say "I always pay more money for original AR" you are paying to your vendor.

    So please clearly tell whether you are making payment to your vendor (AP) or

    receiving payments from (AR)

    regards

    Chandrasekaran

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Feb 25, 2007 at 09:59 AM

    Hi,

    Using T.code:OBY6,go to the "Co/code-global parametrs" and tick the "Enable Amount split" indicator.

    Once you do this,you will be able to play with the partial payments.

    Hope this helps.

    Regards,

    Ramesh.

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Feb 25, 2007 at 10:05 AM

    Hi...

    You always have the otion of displaying vendor/customer balances(FK10N/FD10N) to find out the balances and the vendor/customer line items(FBL1n/FBL5N)

    When you pay your vendors select residual payment so that the system will select the residual item remaining to be paid to avoid any confusion.

    Its a good business procedure that you should not be paying your vendors more unnecessarily.

    Regards

    Aravind

    Assign points if useful

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Feb 26, 2007 at 08:09 AM

    Yes. I think I'v found the way.

    I went into option edition for open item and tick the selection of "include invoice reference". Then when I select the open item, it will automaticly choose related items which refer to this item. The gap is what I need to pay.

    Thanks for all your suggestion.

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.