Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / kay
Each of your G.L / Customer / Vendor Accounts may in due
course contain many debit and credit line items ( with equal
monetary value and therefore netting the balance to zero)
which may remain open.
You would find it wiser to knock the debit and credit items
and clear them all. Such clearing helps in archiving such
line items , frees system memory thereby making your system
run faster.
This kind of offsetting existing debit items with credit
items within an account is called account clearing. You
could do it manually wherein you need to select an account,
pick and match all debit and credit items and clear them
manually. This becomes a cumbersome process when you have
too many items requiring clearance and the problem is even
more cumbersome when you have many accounts requiring such
an exercise.
SAP has the provision to automate the process and it is
called AUTOMATIC CLEARING. F.13 is the T.Code for Automatic
clearing ( It uses an in-built program called SAPF124).
However, to perform automatic clearing the system would
check that debit and credit items within an account have
the following common criteria:
Document Date, Posting Date, Currency, G L / Customer /
Vendor Account , as the case may be , Amount , Company Code
etc.
Apart from the above criteria, you can also configure 1 to 5
more criteria for matching and clearing. This is handled by
the T CODE OB74. You can configure separately for G L ,
CUSTOMER AND VENDOR ACCOUNTS.
Basically, F.13 ( Automatic Clearing ) is a time saver to
match similar debit and credit items within an account and
make the system clear them automatically.
Hope it is clear now
Regards
VidhyaDhar
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How does group chart of accounts differ from operating chart of accounts?
What do you enter in company code global settings? : fi- general ledger
Give me an Example for functional specifications in sap fico
Explain production set-up in fi-aa? : fi- asset accounting
Explain asset transfer in sap : fi- asset accounting
Why do you need country chart of accounts?
What is the structure of resource master data type? : cost center accounting
Is there a prerequisite for carry-forward activity?
What is dunning in sap? : fi- accounts receivable
Which server configurations of mysap business suite will be supported on linux?
What do you understand by cost center, profit center in controlling?
in require sap fico questions
What are the two options for entering plan data? : co- cost center accounting
How do you configure check deposit?
How does the dialog handle user requests?
