what is zero balance clearing a/c. why we r maintaining this a/c in sap fico

what is zero balance clearing a/c. why we r maintaining
this a/c in sap fico

Question Posted / talluri_raghava

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what is zero balance clearing a/c. why we r maintaining this a/c in sap fico..

Answer / syam

As the name indicates it, a zero-balance clearing account is
a balance sheet account which is maintained for the purpose
of posting additional clearing entries in the event of the
documents are not balanced with the respect to different
dimensions used for your reporting such as profit center,
business area, segment, etc.

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11 Yes

2 No

what is zero balance clearing a/c. why we r maintaining this a/c in sap fico..

Answer / pradeep

for document splitting purpose and for clearing account and
also debit item and credit item should be zero

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1 Yes

8 No

what is zero balance clearing a/c. why we r maintaining this a/c in sap fico..

Answer / h.s.sarda

Zero balance clearing a/c is used for inter branch account.
it should be compoulsary zero balance.

Is This Answer Correct ?

5 Yes

18 No

what is zero balance clearing a/c. why we r maintaining this a/c in sap fico..

Answer / ekhlaque amin

Zero balance a/c is also known as salary account in which
the bank credits the amount to be recived by the employees
at the end of the month by debiting the employers account
it is done at the standing advice of the employeer

Is This Answer Correct ?

2 Yes

27 No

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