ZERO Balance Clearing Account

[Former Member]

Hi

What is Functionality of ZERO Balance clearing account

can any body Explain in detail

in case we are not defing system will shows the Error Message

Regards

[Former Member]

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)

Thanks & regards

phaneendra