What is Clearing in SAP?

‘Clearing’ in SAP refers to squaring-off open debit entries with that of open credit entries. Clearing is allowed in GL accounts maintained on an ‘open item’ basis and in all customer/vendor accounts. The clearing can either be manual or automatic. In the case of manual clearing, you will view the open items and select the matching items for clearing. In the case of automatic clearing, a program determines what items need to be cleared based on certain pre-determined open item selection criteria and proposes assignments before clearing these assigned items. Whatever the type of clearing, the system creates a clearing document with the details and enters the ‘clearing number’ against each of the cleared open items. The clearing number is derived from the document number of the clearing document. Read more

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. Read more