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Posting Residual Items
Chapter 17 ■ End User - Accounting Document Posting
Residual items arise when you are prepared to receive payment less than the original invoice amount as final
settlement of an open item.
■■Note
When posting residual items, you must specify a reason code. The reason code contains the reason
for the reduction in incoming payment as compared to the original billing document.
Problem: Assume that Company C900 Plc has agreed with a business partner to
accept $10,000 as full settlement for an invoice of $12,000 due to slight damage in goods
during transit. Therefore, your residual item amount is $1760 ($12,000 less discount of
$240 = $11,760 less $10,000).
Post an incoming payment of $10,000 from the Post Incoming Payment: Header Data screen using this
menu path: Accounting ➤ Financial Accounting ➤ Account Receivable ➤ Document Entry ➤ Incoming
Payment. Or use transaction code F-28. Click the
button on the top-left side of the screen to
proceed to the Post Incoming Payments Process Open Items screen. Since you want to process residual items,
deactivate all the open items that are activated and click the
tab on the top of the screen. The Post
Incoming Payments Create residual items screen appears displaying the open items on the account (Figure 17-17).
Figure 17-17. The Post Incoming Payments: Create Residual Items screen
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