What is 'clarification code' in SAP FS-CD - Collections/Disbursements?

clarification code - Overview

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: Contains rules as to how an item contained in the broker report should be processed further. If the items reported by the broker match those items in the broker's account, full clearing can take place. If there are any discrepancies, the items requiring clarification can be posted to suspense accounts and/or cleared partially in the customer accounts.

clarification code - Details

• 
  Key Concepts: 
  Clarification codes are used in the FS-CD Collections/Disbursements component of SAP to provide additional information about a payment or collection. They are used to identify the purpose of a payment or collection, such as whether it is for a loan, an invoice, or a deposit. Clarification codes can also be used to identify the source of the payment or collection, such as a customer or vendor. 
  How to Use It: 
  In order to use clarification codes in SAP, you must first create them in the system. This can be done by navigating to the “Define Clarification Codes” menu in the FS-CD Collections/Disbursements component. Once created, clarification codes can be assigned to payments and collections when they are entered into the system. This will allow you to easily identify and track payments and collections based on their purpose and source. 
  
  Tips & Tricks: 
  When creating clarification codes in SAP, it is important to make sure that they are descriptive and easy to understand. This will make it easier for users to quickly identify the purpose and source of payments and collections when they are entered into the system. Additionally, it is important to ensure that all relevant clarification codes are created in order to ensure that all payments and collections can be properly identified. 
  
  Related Information: 
  For more information on clarification codes in SAP,