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.
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 the amounts we can do three types of clearing functions.
1. … Read More
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 accounts. The clearing can either be manual or automatic. … Read More