What is clearing in SAP FS-MCM-ECP - Effective Cash Pooling?

SAP Term: clearing

• Component: FS-MCM-ECP

• Component Name: Effective Cash Pooling

• Description: The umbrella term for different types of transfer between participating accounts and the main account of a master contract that is used for effective cash pooling.

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• Key Concepts: 
  Clearing is a process in SAP FS-MCM-ECP Effective Cash Pooling that allows for the transfer of funds between accounts. It is used to move money from one account to another, either within the same bank or between different banks. The clearing process is used to ensure that all transactions are properly recorded and accounted for. 
  
  How to use it: 
  In order to use the clearing process in SAP FS-MCM-ECP Effective Cash Pooling, you must first set up the accounts that will be involved in the transaction. Once the accounts have been set up, you can then initiate a clearing transaction. This will involve entering the details of the transaction, such as the amount to be transferred and the accounts involved. Once this is done, the transaction will be processed and the funds will be transferred between the accounts. 
  
  Tips & Tricks: 
  When setting up a clearing transaction in SAP FS-MCM-ECP Effective Cash Pooling, it is important to ensure that all of the details are correct. This includes double-checking that all of the account numbers are correct and that all of the amounts are accurate. Additionally, it is important to make sure that all of the necessary documents are included with the transaction, such as proof of identity and proof of address. 
  
  Related Information: 
  For more information on how to use clearing in SAP FS-MCM-ECP Effective Cash Pooling, 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.