Example 3 - Payable On Due Date, Customer Makes A Partial Payment

In the following example a customer is billed and a partial payment is received prior to the bill due date. The bill review batch process is responsible for creating the settlement adjustment for any outstanding holding amounts on the bill's due date. The accounting method in this case is Payable On Due Date.


Event	GL Accounting	Tax Payable Balance	Tax Holding Balance
Bill segment created	A/R 110 Revenue <100> Tax Holding <10>	0	(10)
Payment received	Cash 27.50 A/R <27.50>	0	(10)
Adjustment created on bill due date	Tax Holding 10 Tax Payable <10>	(10)	0