Hello,
May be it a very simple question but, I am really confused with the terminology, What is Clearing ?
Is clearing mean pay off, for example if vendor has some outstanding payment, and when payment is done it move to clearing. so does that mean clearing is nothing but paying off for vendor scenario, receiving payment for Customer Scenario and for GR/IR ?
Please help
Moderator: If you know what is 'search the Web', you could also learn about 'clearing'. Please, avoid asking basic questions