on 04-27-2009 1:10 PM
Dear all
What is the difference between Partial Payment & Residual Payment ?
Thanks to all
Regards,
Pankaj.
When you make a partial payment against an invoice, the payment items are kept in the system until the full amount is paid. With the last payment against that invoice, the open item is cleared off.
Where as in the Residual payment, the payment clears the earlier document and a new item for the balance amount is created.
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