What is Goods Receipt Invoice Receipt Clearing Run in SAP AP-ACC - FIN Accounting?

SAP Term: Goods Receipt Invoice Receipt Clearing Run

• Component: AP-ACC

• Component Name: FIN Accounting

• Description: The specification of an automated run that determines price variances and exchange rate variances between valuated goods receipts and invoice receipts based on purchase ledger accounts.

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• Key Concepts: 
  Goods Receipt Invoice Receipt Clearing Run is a process in SAP's Accounts Payable (AP) and Financial Accounting (FI) components. It is used to reconcile goods receipts with invoices and clear any discrepancies between the two. This process helps to ensure that all goods received are properly accounted for and that all invoices are paid in a timely manner.
  
  How to use it: 
  The Goods Receipt Invoice Receipt Clearing Run is initiated by running a report in the SAP system. This report will compare the goods receipts and invoices and identify any discrepancies between the two. Once the discrepancies have been identified, they can be cleared by manually entering the necessary adjustments into the system.
  
  Tips & Tricks: 
  It is important to ensure that all goods receipts and invoices are entered into the system accurately in order to avoid discrepancies. Additionally, it is important to run the Goods Receipt Invoice Receipt Clearing Run on a regular basis in order to ensure that all discrepancies are identified and cleared in a timely manner.
  
  Related Information: 
  For more information on Goods Receipt Invoice Receipt Clearing Run, please refer to SAP's documentation on Accounts Payable and Financial Accounting components. Additionally, there are many online resources available which provide detailed instructions on how to use this process in SAP.