Information entered on this page is divided into three sections which are Document Header, Bank Data and Open Item Selection. Initial Screen for Processing Incoming Payment Menu path for Posting Incoming PaymentsĮnter the following information on the initial screen: To post an incoming partial payment enter the transaction code F-28 or follow the menu path as shown on the screenshot below. The invoice and the partial payment are not cleared until the payment is cleared by the vendor or customer. If you double click the partial payment, the system shows that the payment is for the invoice. In case of a partial payment, the original invoice and the partial payment are managed as open items. This tutorial is going to illustrate how to post an incoming partial payment and an incoming residual payment. So, in both cases the customer still owes the company $300, but what is different are the line items. When the customer is making a payment of $200 and the residual payment method is used, the system will cancel the original line item of $500 and create a new invoice line item of $300 which is the residual after the payment of $200.
Now when the customer is making a payment, the payment is not made in full. Let’s assume your company offers services to a customer Y and produced an outgoing invoice of $500. When a partial payment of $200 is done, it does not cancel the initial invoice of $500 but the system adds a new line item of $200 which will reduce the amount the customer owes the company to $300.
This transaction, when a customer is not making payment for the full invoice amount, is what we call a partial payment. Now, when the customer is making a payment, the payment is not made in full. Let’s assume your company offers services to a customer X and produced an outgoing invoice of $500. Residual Payment Partial Payment Scenario
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