What is clearing status in SAP FI-GL - General Ledger Accounting?

SAP Term: clearing status

• Component: FI-GL

• Component Name: General Ledger Accounting

• Description: Specifies whether an item is open or cleared for example, cleared as a result of a payment or a reversal.

Smart SAP Assistant

• Key Concepts: 
  Clearing status is a feature in SAP FI-GL General Ledger Accounting that allows users to track the status of open items. It is used to indicate whether an item has been cleared or not. The clearing status can be set manually or automatically. 
  
  How to use it: 
  To set the clearing status manually, go to the “Open Items” tab in the FI-GL General Ledger Accounting module. Select the item you want to change and click on the “Set Clearing Status” button. You can then select the desired status from the drop-down menu. 
  
  To set the clearing status automatically, go to the “Automatic Clearing” tab in the FI-GL General Ledger Accounting module. Select the items you want to clear and click on the “Set Clearing Status” button. The system will then automatically set the clearing status for those items. 
  
  Tips & Tricks: 
  It is important to keep track of your clearing status as it can affect how your financial statements are reported. Make sure to regularly check your open items and update their clearing status as needed. 
  
  Related Information: 
  For more information on how to use the clearing status feature in SAP FI-GL General Ledger Accounting, please refer to SAP’s official documentation here: https://help.sap.com/viewer/product/SAP_FI_GL/latest/en-US/f9f8d7a3c2b14e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1e6f9a7d3c2b1/.