Answer / sarfaraz

Residual payment: it clears the original invoice with incoming payment & create new line item for balance payment.

Partial payment:it leaves the original invoice & clears the incoming payment.original invoice & partial payemnt remain open.

Answer / rajesh 20pute

Partial Payment :- When you make a partial payment, it does
not clear your invoice. Both the original invoice entry and
the payment entry will be shown in the customer/vendor
account as open items.

Residual Payment :- In case of residual payment, even
though a part of the invoice amount is paid, it clears the
original invoice. System will create a new document for the
balance amount and this document will be shown as open
item. The original invoice document and the payment
document will be shown as cleared items.

Answer / venkat naveen

if any customer has taken 100000 credit sale from company now he is ready to pay for 50000 that is part payment later he can pay remaining 50000

if any customer out of 10000 credit sale he pays 99000 he does not pay 1000 because of damage of goods or what ever then we have to adjust our money in our books like transport charges what ever

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2 Answers   IBM,

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