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You pay a vendor in instalments? Do you clear the vendor invoice in part or leave the entire invoice open in the system until full payment is received? SAP allows users to select any of these options via the Residual and Partial Payment functionality.
SAP partial and residual payments are useful for processing partial incoming and outgoing payments. These methods have the same effect on vendor or customer account balances, but they have different effects on financial document line items.
The initial invoice and payment items remain on the account when a partial payment is made. A residual payment, on the other hand, results in a new document with a reference to the original document.
In SAP, you will learn about partial and residual payments, as well as the distinctions between them. We'll show you how to enter incoming payments by posting partial and residual payments in the transaction.
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