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Former Member

Partila Payment and Residual Payment,

Hi,

From my understanding is this applicable for both inocming and outgoing payments, How will we determine whether this is partial for residual payments.

Please help me in understanding the concept.

Thanks

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    author's profile photo Former Member
    Former Member
    Posted on Nov 13, 2009 at 12:26 PM

    Hi Soumya,

    These two are conept and it depends on your company how they want to process claring.

    1. Partial Payment.

    Partial payment does not clear the document but it keeps both the payment invoice open till the entire payment for invoice is made. For e.g. there is document 1000 in customer ABCD which shows debit (invoice) of Rs. 50,000 and then you recieve a payment of Rs 35,000 against that invoice. Now, when you make partial payment for this document. You will see both payment and invoice document open in FBL5N.

    2. Residual Payment

    Residual Payment clear the original document and create a document for remaining amount. For e.g. there is document 1000 in customer ABCD which shows debit (invoice) of Rs. 50,000 and then you recieve a payment of Rs 35,000 against that invoice. Now, when you clear this document through residual clearing for this document. You will see only new document for Rs. 15,000 (50,000-35,000). So it clears both original invoice and payment document.

    Try this out in your system and decide which concept you want to adopt.

    Regards,

    Chintan Joshi.

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 13, 2009 at 12:54 PM

    Hi,

    Residual payment it clears original invoice with incoming amount and create new line item for remaining outstanding amount.

    Partial payment it leaves the original invoice amount and creates new line item for incoming amount.

    Thanks & Regards

    Prasada

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 13, 2009 at 12:32 PM

    Hi,

    For partial Payment it will have the Clearing Line Items with the Original Line Item.

    For Reporting or Tracking purpose it can be helpful.

    Original Invoice Line u2013Rs.1000

    Partial Payment Line u2013 Rs.3000

    Partial Payment Line u2013 Rs.4000

    But for Residual payment we can see only the Original Line Item i.e Actual Open or Cleared balance.

    If Original Invoice Line is Rs.10000 and the Residual Payment is Rs. 4000 , It will show only Rs.6000 as Open.

    Regards,

    Sridhar Sha

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 13, 2009 at 12:47 PM

    Hi ,

    Yes this applicable for both inocming and outgoing payments.

    When an invoice partially cleared it will not clear any line item

    example: a Invoice exist of 1000

    paid only 100

    when we see the linme item report it shows three line items xxx dr 1000 & xxx 100 cr& xxx cr 100 that means in doc type you see 1000 DR & 100 DZ & 100 DZ

    when in case of residual we will clear original invoice and create a new invoice with new amount

    Example: invoice exist 1000

    Paid 100

    clears the 1000 and crete a new invoice of 900 and in line item you can see that 1000 invoice as cleared invoice and new invoice 900 in un cleared.

    I hope you under stood

    regards,

    Santosh kumar

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