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Configuring SAP® ERP Financial and Controlling by John Burger, Peter Jones

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Reason Codes

Reason codes are used to segregate different reasons for underpayment and overpayment on A/R line items. With a reason code, you can define whether the difference should be charged off to a G/L account or if a residual posting should be made. Residual postings clear the line item being paid and create a new open line item for the difference between the total amount of the line item and the payment amount.

The following is an example of a residual posting: A customer pays $700 against invoice #123, which has a total due amount of $1,000. Invoice #123 with a total due amount of $1,000 is cleared against the customer account, and a new residual posting for $300 ($1,000 invoice amount – $700 payment amount) is created. Residual postings ...

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