What is WIP Clearing in SAP SRD-FIN-INV - FIN-Inventory?

SAP Term: WIP Clearing

• Component: SRD-FIN-INV

• Component Name: FIN-Inventory

• Description: A work center view where you perform work in process clearing runs, which clear the work in process account for finished production lots.

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• Key Concepts: 
  WIP Clearing is a process in SAP SRD-FIN-INV FIN-Inventory Management that allows for the automatic clearing of Work in Process (WIP) items. This process is used to reduce the amount of WIP items in the system and to ensure that all WIP items are accounted for. 
  
  How to use it: 
  To use WIP Clearing, first select the WIP items that need to be cleared. Then, enter the clearing date and the clearing quantity. Finally, confirm the clearing and post it. 
  
  Tips & Tricks: 
  When using WIP Clearing, it is important to ensure that all WIP items are accounted for. Additionally, it is important to check that the clearing date and quantity are correct before confirming and posting the clearing. 
  
  Related Information: 
  For more information on WIP Clearing, please refer to SAP Help documentation or contact your local SAP support team.