Clearing Functions in Accounts Payable in SAP FICO

The following functions are available for manually clearing items:

Clearing Functions in Accounts Payable

Posting transaction	Example Business Transaction	Menu sequence
Outgoing payment	Debit memo procedure	Document entry ® Outgoing payment ® Post
Outgoing payment with printed form	Immediate payment by check	Document entry ® Outgoing payment ® Post + print forms
Internal transfer	memo due to a product defect	Document entry ® Others ® Posting With clearing
Incoming payment	Refund from your vendor, e.g. annual quantity discount	Document entry ® Others ® Incoming payment

The SAP System also supports the automatic entry of bank postings for outgoing payments by importing bank statement data using the Electronic Bank Statement function. For more information about this function, see the FI Treasury and Electronic Bank Statement (FI) documentation.