Clearing Functions in General Ledger in SAP FICO

The following functions are available for manually clearing items:

Posting transaction	Example business transaction	Menu sequence
Incoming payment	Credit memo for a check deposited in the bank	Document entry ® Incoming payment
Outgoing payment	Debit memo for a drawn check	Document entry ® Outgoing payment
Post with clearing	Clearing the GR/IR clearing account	Document entry ® Post with clearing

The following information is based on the Post with clearing function. The various clearing functions have different screens for entering posting data, but the screens for processing open items are the same.