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

clearing type - Overview

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: Key that refers to the business process in the automatic clearing of items. It is used in to determine the payment assignment or clearing rules.

clearing type - Details

• 
  Key Concepts: 
  Clearing type is a feature of the FI-CA Contract Accounts Receivable and Payable component of SAP. It is used to define the rules for how open items are cleared. It determines which open items can be cleared against each other, and how the clearing process should be handled.
  
  How to use it: 
  To use the clearing type feature, you must first define the rules for how open items should be cleared. This includes specifying which open items can be cleared against each other, and how the clearing process should be handled. Once these rules have been defined, they can be applied to all open items in the system.
  
  Tips & Tricks: 
  When defining the rules for how open items should be cleared, it is important to consider the different types of transactions that may occur in your system. This will help ensure that all open items are cleared correctly and efficiently.
  
  Related Information: 
  For more information on clearing type in SAP FI-CA Contract Accounts Receivable and Payable, please refer to the official SAP documentation.