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clearing in Local currency

SAP Clearing in Local Currency

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SAP Clearing in Local Currency

Transaction OBY6

 

Effect of clearing in Local currency : Purchase USD 1000 at 1 USD = 2 SGD.

The accounting entry in Local Currency is
Purchase account Dr 2000
Vendor account CR 2000

Paid … Read More

Clearing in SAP

What is Clearing in SAP?

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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. … Read More