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alternative payee in sap

What is Alternative Payee in SAP?

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The Alternative Payee in SAP can make payment to a vendor other than the one to which the invoice was posted. The payment is made to an alternative payee, which must be specified in the master record.

You can specify … Read More

Clearing in SAP

What is Clearing in SAP?

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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