Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / geevidhyadhar
Each of your G.L / Customer / Vendor Accounts may in due
course contain many debit and credit line items ( with equal
monetary value and therefore netting the balance to zero)
which may remain open.
You would find it wiser to knock the debit and credit items
and clear them all. Such clearing helps in archiving such
line items , frees system memory thereby making your system
run faster.
This kind of offsetting existing debit items with credit
items within an account is called account clearing. You
could do it manually wherein you need to select an account,
pick and match all debit and credit items and clear them
manually. This becomes a cumbersome process when you have
too many items requiring clearance and the problem is even
more cumbersome when you have many accounts requiring such
an exercise.
SAP has the provision to automate the process and it is
called AUTOMATIC CLEARING. F.13 is the T.Code for Automatic
clearing ( It uses an in-built program called SAPF124).
However, to perform automatic clearing the system would
check that debit and credit items within an account have
the following common criteria:
Document Date, Posting Date, Currency, G L / Customer /
Vendor Account , as the case may be , Amount , Company Code
etc.
Apart from the above criteria, you can also configure 1 to 5
more criteria for matching and clearing. This is handled by
the T CODE OB74. You can configure separately for G L ,
CUSTOMER AND VENDOR ACCOUNTS.
Basically, F.13 ( Automatic Clearing ) is a time saver to
match similar debit and credit items within an account and
make the system clear them automatically.
Hope it is clear now
Regards
VidhyaDhar
| Is This Answer Correct ? | 25 Yes | 1 No |
Post New Answer View All Answers
What are one-time vendors?
what is mixed pricing in product cost controlling
How does partial payment differ from residual payment? : fi- accounts receivable
Explain an account group. What does it control?
Describe how the implementation of a cost center structure could (or won't) lead to decreasing indirect costs? And can you think of any other ways to control indirect costs?
Is it possible to use standard sap co-product functionality in repetitive manufacturing?
Differentiate static credit check from dynamic check? : fi- accounts receivable
What is our role in production support and post implementation support as a fico consultant?
Explain asset class
What is a parallel currency?
What is "extended star schema" and how did it emerge?
What is an asset value date? : fi- asset accounting
What is a lean implementation in fi-aa? : fi- asset accounting
1. how can see that how much the vendor is owed 2.how do u reverse a MIRO invoice 3. how do u pay vendor in foreign currency
How does the dialog handle user requests?
