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author's profile photo Former Member
Former Member

what is clearing account

Hi,

What is clearing account? why we use in sap? Examples for clearing account

I will assigin points

Thanks

Radha

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Jun 09, 2008 at 02:12 PM

    Hi

    Clearing accounts is nothing but - settling the outstandings / differences to balance the accounts.

    Different Clearing accounts available in SAP : Company Code Clearing accounts (Cross Company code clearing accounts), G/L account clearing (Differences arising on G/L acct clearing - to clear the open line items which are not 100% cleared), GR/IR Clearings (Invoiced but not yet delivered / Delivered but not yet invoiced)

    VVR

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 09, 2008 at 02:13 PM

    Account Management (FS-AM)

    An account in which incoming payments for a loan account are managed.

    The clearing account is assigned to the loan account in its master data.

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  • Posted on Jun 09, 2008 at 02:25 PM

    Hi:

    An account to which postings are recorded temporarily.

    Clearing accounts are auxiliary accounts that exist for technical reasons and which are cleared repeatedly.

    Postings may need to be made to a clearing account because of:

    A time gap between accounting transactions (GR/IR clearing account)

    Organizational task distribution (bank clearing account)

    Accounting transactions requiring clarification

    Please let me know if you need more information.

    Assign points if useful.

    Regards

    Sridhar M

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