Residual payment document payment terms not correct

[Former Member]

Hi,

When i do a residual payment (partial payment), the original invoice is settled and a new invoice is created for the residual invoice amount. However the new residual invoice document is not copying the payment terms and baseline date from the original invoice. Furthermore the document type of the new residual invoice document is also different. Therefore may i know how to make sure the payment terms and baseline date is copied correctly from the original invoice and also how to make sure the new residual invoice document type is same as the original invoice document type?

[Former Member · Accepted solution]

Hi raj,

residual document means it clears original document and create new line line item with remaining balance automatically the payment terms are copied but one thing that is not good thing go to partial payment it is leave the original document and create new line item for payment and it shows each and every transaction as well as clearing transactions.

[Former Member · Accepted solution]

If u have any doubt let me know.

[Former Member · Accepted solution]

hi,

the payment term is not copied properly. that is my problem. do u know why its not copying the payment terms?

[Former Member · Accepted solution]

some times it is not working so u can change this payment terms in ur posting document thru fb02 select ur document and enter correct payment terms. this probel will occur number of tiems that is the reason go for partial payment it is working perfectly.

[former_member581688 · Accepted solution]

Check your configuration for customer tolerances - there is a setting in that config that controls whether or not the payment terms and baseline date are transferred to the residual.

The customer tolerance config is found in the IMG under Financial Accounting -> Accounts Receivable and Accounts Payable -> Business Transactions -> Open Item Clearing -> Clearing Differences -> Define Tolerances for Customer/Vendors. Tolerance groups are defined by Co.Cd. - the default group for the company code will have a blank value for Tolerance group - all other groups will have an alphanumeric code for Tolerance group. The blank group is used when a customer is not specifically assigned (via the customer master) to one of the tolerance group codes.

Double-click on the relevant tolerance group to see the settings for that group. There will be a section for "Specifications for Posting Residuals....". In that section is a check box labeled "Payment Term from Invoice". If this box is checked, the terms and baseline date are transferred to the residual from the invoice. If the box is not checked, the terms and baseline date are not transferred.

Regards,

Shannon

[Former Member · Accepted solution]

Hi,

I am new to Lockbox payment posting, I am facing the problem while posting the short payment.

We are using the residual method for short payment, And the requirement is to have different residual entry for the balance amount. But it is creating line item for the difference in the same document.

for eg; Invoice is of 100 USD and I am making the payment for 80 USD. It is creating 3rd line item in same document for the difference 20 USD.

Rather it should knock off the invoice and create a new document for the remaining 20 USD.

Please share the settings for the residual payment.

Any help in this regard is appreciated.

Thanks and Regards,

Dinesh

[former_member313549 · Accepted solution]

Dinesh,

Did you uncheck the parital payment flag in OBAY?.

[Former Member · Accepted solution]

Chandra,

Yes, It is unchecked. And also I am passing the reason code to the record type 4 in the file.

Please let me know if I am missing something apart from this.

Thanks,

Dinesh