Open items are in fact unfinished transactions. For example, a vendor invoice that has not been settled remains in the vendor account until it is paid.
The open items of an account can only be cleared once you post an identical offsetting amount to the account. In other words, the balance of the items assigned to each other must equal zero as shown in the illustration below.
An example for accounts payable:
In clearing these items, the system assigns them a clearing document number and the date on which they were cleared. In this way, invoices in a vendor account are marked as paid, and items in a bank clearing account are marked as cleared.
The R/3 System offers different ways to clear open items. In a single clearing procedure, you can process multiple accounts, different account types, accounts from different company codes, and special G/L transactions.
Clearing Functions in Accounts Receivable
Clearing Functions in Accounts Payable
Clearing Functions in the General Ledger
No comments:
Post a Comment