Automatic Clearing in SAP Configuration

What is Automatic Clearing in SAP Configuration?

Automatic clearing in SAP is one of the functionality used to clear the accounts with open and clear items. And further used group the open items basing on some criteria and clears them according to the criteria.

Automatic clearing in SAP Steps 

Prepare Automatic clearing: Menu Path: financial accounting >general ledger accounting>business transactions>open item Clearing>prepare automatic

Transaction code: clearing: TC: OB74. 

  • Click on new entries button
  • Give chart of accounts: 2006
  • Give account type: K, D, S
  • Give the account numbers from number and to number
  • Give the clearing criterion or group criterion and save the data.

Post the transaction in open item accounts. And clear it with partial clearing option. There by both the items appear as open items.

Now execute the Automatic clearing Program as under:

Menu Path: Accounting>financial accounting>general ledger>automatic clearing 


Automatic Clearing in SAP Configuration

F-13 automatic clearing with or without specifying the currency.

Give the details and select the accounts for executing the program:

It automatically clears the open items. This program is useful for clearing the open items with automatic posting transactions.i.e. GR/IR clearing account.

This program is used to clear the account with huge volume of accounts with numerous line items either on line or as background processing as batch input. And further it is useful clear the gl accounts with post automatically option is set. The individual accounts will be cleared by manual clearing of an account in F-03 clear functionality.

The automatic clearing functionality is quiet different form the automatic payment program used in accounts receivable and accounts payable component. The Automatic payment program is defined to clear the open items in customer and vendor accounts, and post the entries in bank accounting and issues the cheques for paid amounts simultaneously. Automatic clearing function is simply to clear the open items basing on the grouping criterion.

Also See: How to Configure Maintenance Optimizer in SAP?

Online Training Tutorials

  • Clearing functions in SAPWhat is Clearing Functions in SAP?This Clearing functions are used to clear the outstanding entries in the general ledger accounts. Example: outstanding amounts in expenses payable and income receivable accounts. To clear […]
  • Clearing in SAPWhat is Clearing in SAP?Clearing in SAP refers to squaring-off open debit entries with that of open credit entries. Clearing is allowed in GL accounts maintained on an ‘open item’ basis and in all customer/vendor […]
  • C Program to Find Total of Even IntegersC Program to Reading Of Strings with ExampleC Program for Reading of strings using %wc and %ws is explain in simple steps. The program illustrates the use of various field specifications for reading strings. When we use %wc for […]
  • sap-advanced-planning-and-optimization-sap-apoSAP Advanced Planning and Optimization (SAP APO)SAP Advanced Planning and Optimization (SAP APO) is the planning component that, together with SAP Event Management (SAP EM) 4.0 and SAP Inventory Collaboration Hub (SAP ICH) 4.0, makes up […]
  • blanket purchase orderWhat Is a Blanket Purchase Order?Blanket Purchase Order in SAP MM for Consumable Materials Blanket Purchase Order (Po's) are often appropriate for low value materials and are used to procure consumable materials and […]
  • BEx Web AnalyzerWhat is Sap Material Ledger Periodic Unit Price?The new Periodic Unit Price is calculated when you carry out material ledger closing for a material. If the material has S price control in its master record, the system uses the standard […]
  • SAP SD Interview Questions and AnswersTop SAP SD (Sales and Distribution) Interview Questions and AnswersIf you have finally found your career job in SAP (Sales and Distribution) but are wondering how to crack the SAP SD Interview and what could be the probable SAP SD Interview Questions and […]
  • C Program to Find Total of Even IntegersC Program Declarations – How to Assign Variables?The below C Program shows and example of typical declarations, assignments and values stored in various types of variables. C Program Declarations with Examples The variables x and p […]