What is 'clearing category' in SAP FI-CA - Contract Accounts Receivable and Payable?

clearing category - Overview

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: Key that specifies the contract account reference in the automatic clearing of items. Together with the clearing type, it forms the key that is used in to define the clearing rules.

clearing category - Details

• 
  Key Concepts: 
  Clearing category is a feature of the FI-CA Contract Accounts Receivable and Payable component of SAP. It is used to classify open items in the accounts receivable and payable ledger. It is used to group items together for easier reconciliation and reporting.
  
  How to use it: 
  The clearing category is assigned to each open item in the accounts receivable and payable ledger. This allows users to group items together for easier reconciliation and reporting. The clearing category can be used to filter reports, or to create custom reports that focus on specific categories of open items.
  
  Tips & Tricks: 
  When assigning a clearing category to an open item, it is important to ensure that the correct category is selected. This will ensure that the item is grouped correctly when running reports or creating custom reports.
  
  Related Information: 
  The clearing category feature is part of the FI-CA Contract Accounts Receivable and Payable component of SAP. It can be used in conjunction with other features such as payment terms, payment methods, and payment blocks to further customize the accounts receivable and payable ledger.