Posting and Clearing

The illustration of The Clearing Process shows the normal clearing process for Posting with Clearing. The individual data entry screens are depicted as well.

The process of clearing open items includes:

• 
  
Entering the Document Header
• Selecting a clearing transaction
• 
  
Entering line items (optional)
• 
  
Choosing open items
• 
  
Processing open items
• Posting the clearing document

The system generates a clearing document that consists of:

• A document header
• Line items you entered
• Line items the system generated for clearing the selected and activated items
• Other line items generated automatically for cash discounts, tax adjustments, or gains/losses from exchange rate differences

The system sets the clearing date and clearing document number for the open items to be cleared as well as for the line items it creates to clear the open items.

After you enter data in the document header and select a clearing transaction, you can carry out these steps in any order. You can alternate between these screens.

See also:

Clearing Between Company Codes

Clearing Open Items in Foreign Currencies

Clearing Mixed Currency Open Items in the Local Currency

Clearing Open Items with a Future Posting Date