What is clearing control in SAP IS-PS-CA - Public Sector Contract Accounts Receivable and Payable?

SAP Term: clearing control

• Component: IS-PS-CA

• Component Name: Public Sector Contract Accounts Receivable and Payable

• Description: Automatic assignment and clearing logic for interpreting payment data of electronic bank statements. The clearing control carries out the following functions: Interprets the line items of the bank statement Determines accounts and items in accordance with the interpretation Updates processed revenue

Smart SAP Assistant

• Key Concepts: 
  Clearing control is a feature of the IS-PS-CA Public Sector Contract Accounts Receivable and Payable component of SAP. It is used to manage the clearing of open items in accounts receivable and payable. It allows users to define rules for clearing open items, such as when to clear them, how to clear them, and which items should be cleared together. 
  
  How to use it: 
  To use clearing control, users must first define the rules for clearing open items. This can be done in the Clearing Control Settings menu. Once the rules have been defined, users can then use the Clearing Control menu to manage the clearing of open items. This includes selecting which items should be cleared together, setting up payment plans, and more. 
  
  Tips & Tricks: 
  When setting up rules for clearing open items, it is important to consider the impact that these rules will have on cash flow. For example, if a user sets up a rule that requires all open items to be cleared at once, this could lead to a large outflow of cash at once. It is important to consider these implications when setting up rules for clearing control. 
  
  Related Information: 
  For more information on using clearing control in SAP IS-PS-CA Public Sector Contract Accounts Receivable and Payable, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on using this feature.