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Former Member
Oct 01, 2007 at 07:22 PM

Partial or Residual Payment

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Hello folks,

I would appreciate some assistance on the following question. POINTS AVAILABLE.

<b>What is the difference between the Partial Payment and Residual Payment tabs in F-28 or F-52?</b> When do I use one versus the other?

Let's say for example that a customer owe's my client $50. This customer decides to pay a partial amount of $20. How do I enter this in F-28? Do I go to the Residual pmt tab and enter $20? Will the system recalculate what the customer owe's the client (which will now be $30)?

Thanks in advance!