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

SAP Term: clearing variant

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: Key under which the rules for automatically assigning open items clearing are defined.

Smart SAP Assistant

• Key Concepts: 
  A clearing variant is a feature of the FI-CA Contract Accounts Receivable and Payable component of SAP. It is used to define the criteria for automatically clearing open items in the system. This includes specifying the criteria for which open items can be cleared, such as the account assignment, document type, and company code.
  
  How to use it: 
  To use a clearing variant, you must first create it in the system. This can be done by going to the “Clearing Variants” tab in the FI-CA Contract Accounts Receivable and Payable component. Once created, you can assign it to a customer or vendor account in order to automatically clear open items that meet the criteria specified in the variant.
  
  Tips & Tricks: 
  When creating a clearing variant, it is important to consider all of the criteria that should be used for clearing open items. This includes not only account assignment and document type, but also company code and other fields that may be relevant. Additionally, it is important to ensure that all of the criteria specified in the variant are valid for all customers or vendors that will be assigned to it.
  
  Related Information: 
  For more information on clearing variants in SAP FI-CA Contract Accounts Receivable and Payable, please refer to SAP Help documentation at https://help.sap.com/viewer/product/FI_CA_CONTRACT_ACCOUNTS_RECEIVABLE_AND_PAYABLE/latest/en-US.