Part payment and residual payment

hi sap gurus
i need the diff between part payment and residual payment, and what is the part payment and what is residual payment

Hi
Reply  for difference between partial Payment and residual payment
Assumption: An expense of Rs.20000 is accounted.
Example of partial Payment
Step one. When the Vendor invoice posted
Exp           Dr     20000
      Vendor      Cr     20000     
2nd step: At the time of payment If Partial payment method adopted.
               Vendor a/c              Dr  10000
        Bank Sub Account  Cr  10000
Note :If you will  go for vendor balance  display , it will show both Debit and Credit balance  in the vendor account.
(T Code FBL1n)
Example of residual Payment   
Step one: When the vendor invoice is posted
Expenses A/c  Dr   20000
Vendor    A/c  Cr   20000
Step two: If residual payment method is applied
Vendor A/c                Dr          20000
Bank  Sub Account  Cr           10000
Vendor A/c                Cr          10000
Note: Here   the system will clear the original open item and create a new open item for balance amount which is not paid now. In this case it is difficult to know the reference of the original invoice. If you will go for vendor balance display it will show an open item of Rs.10000 only.
Assign points if you find it useful for you
Regards.
Surendra

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  • Difference between Partial payment and residual payment

    Hi,
    What is difference between partial payment and residual payment and what is the effect of this payment on Payment Terms and Customer aging analysis report?
    Can any body help me out.
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    Amar Adam

    Hi ,
    We can take the example given by BSR
    For ex. an amount of Rs.100000 outstanding invoice (let say 2000 is the invoice number) in customer account which has payment terms as ZPTERM.
    you have recd Rs.25000/- while selecting the open items if you select partial payment the entry will be
    Bank a/c dr. 25000
    customer a/c cr. 25000
    Let us say the document posted is 1000 , which is a partial payment document.
    Now this document ages from the posting date, and the payment terms of the invoice are not inherited i.e. you cannot see the ZPTERM in the payment terms field for partial payment document.
    Both the Invoice(2000) and Partial Payment(1000) documents remain as open items.
    If you make a residual payment, you can see the payment terms ZPTERM in the residual document i.e. payment terms are inherited from the invoice.
    And the baseline date is same as invoice date. so ageing of residual document  is same as that of invoice.
    In this case the invoice document 2000 is cleared and a new open item is created. you can check after posting the residual document, the baseline date and payment terms will be same as that of Invoice.
    Hope this explanation will clear your doubts..
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    Praisty

  • 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.
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    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.
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    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.
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    I am trying to understand how partial and residual payments works.
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