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Hi Themba
Did you by any chance account the part payments using the residual payments
tab? This would clear the invoice in full yet bring back the unpaid amount
as a new line item. You could perhaps try using the partial payments tab
while accounting the part payment.
Regards
VidhyaDhar
| | | ---------------Original Message---------------
From: Bouga
Sent: Friday, November 12, 2010 8:29 AM
Subject: Treatment of part payments distorts invoice aging
Hi FI Gurus,
.....Can you please how you handle such a scenario below in the SAP environment.....
Part-paid invoices with reference to original invoices, was selected. I have observed that, if the customer pays part of the invoice, the system clears the full invoice and creates a new document for the balance unpaid with the current date. The new document is not back dated to the original invoice date. From the inspected 2,538 invoices we noticed that part-payments were made mostly for invoices in the ??30<60 days stratum and the balance which was moved to the current date amounted to ZAR 5.2m. Invoices which were above 60 days overdue and were moved to current amounted to ZAR 3.8m. This treatment of part-payments by SAP distorts the aging and does not fairly and accurately present the true age of outstanding invoices.
The change in dates distorts the DSO and would affect the dunning process as credit controllers may consider the amount outstanding as current debt. Liquidity is also negatively affected due to new documents dates bearing a date after the original invoice date. The calculated provision is also understated if old invoices are moved to current.
Awaiting your response.
Thanks,
Themba
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