Residual Method: Incoming & Outgoing Partial Payments Posting in SAP

In this tutorial, we will learn Incoming & Outgoing Partial Payments Posting using Residual Method

Incoming Partial Payments Posting

In SAP,when a Partial Payment by Customer is Posted as Residual Item against an outstanding document then , the system clears that document and creates a fresh document with residual amount as the open item.

Here the Demo of how to post a Partial Payment by Residual Method

Step 1) Enter Transaction Code F-28 in the SAP Command Field

Step 2) In the next screen, Enter the following data

1. Enter Document Date
2. Enter Company Code in which the payment is to be posted
3. Enter payment currency
4. Enter the Cash/Bank Account in which the payment is to be posted
5. Enter the Payment Amount
6. Enter Customer ID of the Customer making the payment
7. Press 'Process Open Items'

Step 3) In the next screen ,

1. Choose the Residual Items Tab
2.  Select and Activate the Invoice against which the partial payment has been made.
3. Enter the Residual Amount

Step 4) Press 'Save' to post the Payment Document

Step 5) Check the Status bar for the Document Number Generated.

Outgoing Partial Payments Posting

Step 1) Enter Transaction Code F-53 in the SAP Command Field

Step 2) In the next screen, Enter the following data

1. Enter Document Date
2. Enter Company Code in which the payment is to be posted
3. Enter the Cash/Bank Account in which the payment is to be posted
4. Enter the Payment Amount
5. Enter Vendor ID of the Vendor making the payment
6. Press 'Process Open Items'

Step 3) In the next screen ,

1. Choose the Residual Items Tab
2.  Select and Activate the Invoice against which the partial payment has been made.
3. Enter the Residual Amount

Step 4) Press 'Save' to post the Payment

Document

  Step 5) Check the Status bar for the Document Number Generated.