Receive Partial Payment

Receive Partial Payment

Background

A partial payment will need to be processed anytime only part of the balance on an RE (Receivable) document is received.

 

Processing

1.

1.    Copy forward from the RE to the CR

2.    Change the Vendor total amount to the correct amount

3.    Change the accounting line dollar amount to the correct amount (less than the RE)

4.    Validate – FINET will change the line to partial

2.

1.    Copy forward from the RE to the CR

2.    Validate the document

3.    Change the Vendor total amount to the correct amount

4.    Change the accounting line dollar amount to the correct amount (less than the RE)

5.    On the “Accounting” Line, “Reference” tab, “Ref Type” field select Partial

6.    Validate


The balance on the referenced RE will go down by the value of the CR.

 

Links

Click here for an overview of Receipts.

Click here for information regarding partial payment.

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