Automatic Postings for Clearing Procedures in SAP FICO

When clearing open items, the system can automatically post:

• Cash discounts paid or received
• Gains or losses from payment differences
• Input and output tax and withholding tax
• Bank charges
• Gains or losses from exchange rate differences
• Entries to clear the account for cash discount clearing in the net method of posting

To have the system post these items automatically, you have to define the accounts that are posted to. The following information explains the preparations necessary for automatically posting gains or losses from overpayment and underpayment and for posting bank account items and bank charges. Information on setting up other transactions can be found under the following two topics:

Gains or Losses from Payment Differences

Bank Charges and Bank Posting

Where are automatic postings explained?

Function	Topic
Cash discount postings Tax adjustments and withholding tax	Terms of payment and cash discounts Taxes
Exchange rate differences	Foreign currency
Cash discount clearing with the net procedure	Terms of payment and cash discounts