Clearing of Accounts

The clearing between the customer and vendor can happen by following the below settings
1. The customer number must be entered in the corresponding vendor master record
a. FK02->General Data -> Control
In the ‘Account control’ tab, in the ‘Customer’ field, enter the customer number

b.In the Company Code Data –> Payment Transaction Accounting, select the checkbox – ‘Clrg with Cust’

note:If you do not fill ‘Customer’ field ,the ‘Clrg with Cust’ field can not display.

2. The vendor number must be entered in the corresponding customer master record
a. FD02->General Data -> Control
In the ‘Account control’ tab, in the ‘Vender’ field, enter the vendor number

b. In the Company Code Data –> Payment Transaction Accounting, select the checkbox – ‘Clearing with vendor’

3. For testing, create a vendor invoice through FB60 and customer invoice through FB70. Note that customer and vendor are properly selected.

4. To see the vendor/customer balance both together use FBL1N/FBL5N, when you execute FBL1N select customer check box, when you execute FBL5N select vendor check box along with open item/cleared item check box

5. For clearing the open items. Use the TCode F-32. On clicking the ‘Process open Items’, the vendor invoice (KR) and customer invoice (DR) are shown automatically. It will generate the FI document with proper entry.

Note: Partial / Residual payment between customer and vendor is also possible

Leave a Reply