What is clearing house in SAP SD - Sales and Distribution?

SAP Term: clearing house

• Component: SD

• Component Name: Sales and Distribution

• Description: A service provider for processing authorization and settlement data supplied by the merchants, and a distributor of information to banks.

Smart SAP Assistant

• Key Concepts: 
  A Clearing House in SAP Sales and Distribution (SD) is a central repository for all customer-related data. It stores information such as customer master data, credit limits, payment terms, and pricing information. This data is used to facilitate the sales process and ensure accuracy in customer transactions. 
  
  How to use it: 
  The Clearing House can be accessed through the SAP SD module. It is used to store customer data and can be used to create new customers, update existing customers, and delete customers. The Clearing House also stores pricing information, which can be used to generate quotes and invoices. 
  
  Tips & Tricks: 
  When creating a new customer in the Clearing House, it is important to ensure that all relevant information is entered accurately. This will help ensure that the customer’s transactions are processed correctly and efficiently. 
  
  Related Information: 
  The Clearing House is closely related to the Credit Management module in SAP SD. Credit Management is used to manage customer credit limits and payment terms, which are stored in the Clearing House. The Clearing House also stores pricing information, which can be used by the Pricing module in SAP SD.