What is clearing item in SAP FS-PE - Payment Engine?

SAP Term: clearing item

• Component: FS-PE

• Component Name: Payment Engine

• Description: Characteristic value of a payment item. The clearing item is used for internal updates. During collector closing or transfer of an individual posting order, the clearing process creates a clearing item. This enables the bank clearing account nostro to execute postings on the customer account for customer collectors in the account-managing system.

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• Key Concepts: 
  A clearing item is a type of payment document used in the SAP FS-PE Payment Engine component. It is used to reconcile payments between two parties, such as a customer and a vendor. The clearing item contains information about the payment, such as the amount, currency, and payment date. It also contains information about the parties involved in the transaction, such as their names and addresses. 
  
  How to use it: 
  In order to use a clearing item, you must first create it in the SAP system. This can be done by entering the relevant information into the appropriate fields in the payment document. Once the document has been created, it can be used to reconcile payments between two parties. The clearing item can also be used to track payments and ensure that all payments are accounted for. 
  
  Tips & Tricks: 
  When creating a clearing item, it is important to ensure that all of the information entered is accurate and up-to-date. This will help to ensure that payments are properly reconciled and tracked. Additionally, it is important to keep track of all clearing items in order to ensure that all payments are accounted for. 
  
  Related Information: 
  The SAP FS-PE Payment Engine component also includes other types of payment documents, such as payment orders and payment requests. Additionally, there are other components within SAP that can be used to manage payments, such as the Cash Management component.