What is clearing account position in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: clearing account position

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: For clearing accounts, a clearing account position is used as a position in the sense of position management in the . The clearing account positions are divided using the following differentiation criteria: company code, valuation area, product type, and external account. The following position components are stored on the clearing account position: 1001 Initial Margin 1002 Variation Margin 2001 Initial Margin Open 2002 Variation Margin Open 2003 Other such as Fees Open 8000 Clearing Payment 9000 Total Open 9001 Total Margin Open All flows of an external account flow into the clearing account position. The clearing account position is not valuated.

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• Key Concepts: 
  A clearing account position is a type of account in SAP Transaction Manager (FIN-FSCM-TRM-TM) that is used to record the net amount of a transaction. It is used to reconcile the differences between two accounts, such as a customer and vendor account. The clearing account position is used to ensure that the total amount of the transaction is correct and that all accounts are balanced. 
  
  How to use it: 
  To use a clearing account position, first create a clearing account in SAP Transaction Manager. Then, when creating a transaction, select the clearing account as the target account. This will ensure that the net amount of the transaction is recorded in the clearing account. Finally, reconcile the differences between the two accounts by adjusting the amounts in each account until they match the net amount recorded in the clearing account. 
  
  Tips & Tricks: 
  When using a clearing account position, it is important to ensure that all accounts involved in the transaction are properly reconciled. This can be done by double-checking that all amounts match up with the net amount recorded in the clearing account. Additionally, it is important to keep track of all transactions that involve a clearing account position, as this will help ensure accuracy and prevent any discrepancies from occurring. 
  
  Related Information: 
  For more information on using a clearing account position in SAP Transaction Manager, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide detailed tutorials and step-by-step instructions on how to use this feature.