What is manual clearing in SAP SRD-FIN-ACR - FIN-Receivables?

SAP Term: manual clearing

• Component: SRD-FIN-ACR

• Component Name: FIN-Receivables

• Description: The process of applying customer payments manually against outstanding invoices or receivables as exception handling when the system could not perform an automatic match.

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• Key Concepts: 
  Manual clearing is a process in SAP's SRD-FIN-ACR FIN-Receivables Management component that allows users to manually clear open items in the customer account. This process is used when the customer has paid an invoice but the payment has not been automatically cleared in the system. 
  
  How to use it: 
  To use manual clearing, users must first access the customer account in SAP. Then, they must select the open item that needs to be cleared and enter the payment details. Once this is done, the user can click on the “Clear” button to manually clear the open item. 
  
  Tips & Tricks: 
  When manually clearing an open item, it is important to double-check that all of the payment details are correct. This will ensure that the payment is properly recorded in the system and that there are no discrepancies between the customer’s records and SAP’s records. 
  
  Related Information: 
  Manual clearing is just one of many processes available in SAP’s SRD-FIN-ACR FIN-Receivables Management component. Other processes include automatic clearing, dunning, and credit management.