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Open items are incomplete transacitons,such as invoices that have not been paid. True False.
SAP ERP provides two basic transactions for clearing: posting with clearing account clearing none of the above.
Documents with open items cannot be archived and stay in the system until all open items are cleared. True False.
Post with clearing have an invoice is posted to a customer account.This invoice is regarded as an open item because at this point it is unpaid. the customer pays the invoice and the payment is assigned to the open item. the invoice is cleared with the payment and the resulting balance is zero. none of the above.
Account clearing manually clearing an open invoice with a related credit memo and payment on account. automatic clearing an open invoice with a related credit memo and payment on account.
Posting with clearing can be carried out for several account, account types and for any currency simultaneously. True False.
Posting with clearing transaction can carry out manually or automatically using the automatic payment program. True False.
A clearing transaction always creates a clearing document. True False.
Which of the following statements are true? The user can clear open items for general ledger and subledger accounts with the automatic clearing program. All accounts requiring automatic clearing must be defined in Customizing. The system automatically fills the assignment field for a line item when you post items according to the "Sort Field" entry in the master record. The assignment field can be a combination of up to 4 fields with maximum of 18 characters.
The program groups together the items of an account that have the same entries in the following fields: reconciliation account number currency Special G/L indicator Five freely defined criteria from document header or line item.
The automatic clearing program does not clear noted items statistical postings and certain G/L transactions relating to bills of exchange down payments can only be cleared if down payment clearing items of the same amount have already been posted items with withholding tax entries.
The clear account transaction can be performed manually or automatically using the clearing program. True False.
A manual payment is processed in the following steps: Data is entered in the document header Open items are selected to be cleared The transaction is saved None of the above.
The document header consists of three sections:The payment header, the bank data and the open item selection. True False.
The automatic postings for clearing open items Cash discounts expense or revenue Cash discount clearing (net procedure) Tax adjustments Exchange rate differences Bank charges Clearing for cross company code Over or underpayments within tolerances.
Users can reset clearing for individual documents. When you reset clearing the clearing data is removed from the items. True False.
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