Difference between partial and residual payment

[Former Member]

i want to know what is the difference between partial and residual payments and what are the T-codes for each kind of payment thanks inadvance

[Former Member]

Hi,

Partial payment and residual payments are two types of payments where the treatment of the payment would differ.

For example if I am supposed to pay Rs100, this entire Rs 100 will be in open its now and think I paid only Rs 75 then.

In Prtial payment:

It shows tha Rs. 75 is paid as a payment and in this Rs 100, Rs 25 is still to be paid.

In partial clearing the document of rs. 100 will be cleared only if the entt is made . Untill that time the Rs 100 document along with the other partial payment made will be open.

The remaing balnce to be paid will be generateaand Rs 25 (new document )will also be in open item untill whole thing is cleared.

This allows us to see what was the original outstanding Rs. 100

What is the partial payment Rs.75

What is remaining to be paid Rs.25 (new doc will be generated)

In Residual payment:

The original outstanding doc for Rs.100automatically cleared by the system whena payment of rs.75 is done.

A new document will be generated as open for rs.25.

Here we can not trance the original outstanding as it will be shown as cleared though we have not cleared entire Rs.100.

This gives a picture that we have cleared rs.100 which in incorrect as we have just paid Rs.75.

Hence in many companies partial is prefered as it shows the original outstanding, partial payment made along with the balance amount to be paid.

Regards,

Shilpa.

Edited by: ashilpa54 on Mar 22, 2011 5:24 AM

[Former Member]

Hi,

Residual payment means Balance Payment, in this Payment some of the amount will pay at the first time,& Remain amount will be Cleared as Balance Payment. After first time Payment it shows Invoice Clearing, and for the Remaining balance it shows Open item.

Partial Payment will be like, installment payments. it does not shows invoice clearing.

t-code is f-28 in Customer level,t-code is f-53 in vendor level,t-code is f-07 out going payment,t-code is f-06 incoming paymen

t, after all payments you have to clear through f-32&f-44.

While Payment you have to select Residual or partial options for processing open items.

Yedu,

[Former Member]

you can achieve both partials and residuals via the customer clearing t code F-32.

A partial payment will match the payment against the invoice leaving two open items against the customer.

A residual item will clear the invoice, and leave an open item.