Clearing Functions in Accounts Receivable in SAP FICO

The following functions are available for manually clearing items:

Posting transaction	Example business transaction	Menu sequence
Incoming payment	Customer payment	Document entry ® Incoming payment or Payment fast entry
Outgoing payment	Debit memo procedure Cash payments	Document entry ® Other ® Outgoing payment ® Post
Outgoing payment with printed form	Immediate payment by check	Document entry ® Other ® Outgoing payment ® Post + print forms
Internal transfer	Invoice posted as credit memo due to quality defects	Document entry ® Other ® Intern.transf.psting ® With clearing
Online check	Automatically generated check was damaged during print	Document ® More functions ® Print payment forms

The system also provides the following additional functions for automatically posting incoming/outgoing payments and clearing open items.

Automatic Functions for Posting Incoming and Outgoing Payments

Example Business Transaction	Procedure Country	Menu sequence
Customer payments	POR Switzerland	Cash Management menu Incomings ® Payments ® POR procedure (CH)
	Lockbox USA	Cash Management menu Incomings ® Lockbox
	Check deposit transaction with check posting and generation of a check deposit list for the bank	Cash Management menu Incomings ® Elec check deposit
Incoming, outgoing payments	Electronic bank statement with Multicash	Cash Management menu Incomings ® Electronic bank statement

See the FI - Treasury documentation, FI - Electronic Bank Statement, or the program documentation for more information on these automatic functions.