VY7M - Parameters for Open Account Clearing

SAP Transaction Code - Details

• Transaction Code: VY7M

  Description: Parameters for Open Account Clearing

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: ISCDFUN

    Package Description: FS-CD: Collections/Disbursements Functionality

    Parent Package: FS-CD

  • Module/Component: FS-CD

    Description: Collections/Disbursements

Smart SAP Assistant

• SAP Tcode: VY7M - Parameters for Open Account Clearing

  
  Overview:
  The SAP transaction code VY7M is used to set parameters for open account clearing. This code is used to define the criteria for open account clearing, which is a process of reconciling accounts between two parties. It is used to ensure that all transactions are accounted for and that the accounts are balanced. 
  
  Functionality: 
  The VY7M transaction code allows users to set parameters for open account clearing. This includes setting the criteria for when an open account should be cleared, such as the amount of time that must pass before an open account is cleared. It also allows users to define the criteria for when an open account should be blocked, such as when a certain amount of money is owed or when a certain number of days have passed without payment. 
  
  Step-by-step How to Use: 
  To use the VY7M transaction code, users must first log into their SAP system. Once logged in, they can access the VY7M transaction code by entering it into the command field. This will bring up a screen where users can set the parameters for open account clearing. They can then save their changes and exit the transaction code. 
  
  Other Recommendations: 
  It is important to note that the parameters set in the VY7M transaction code will affect how open accounts are cleared in SAP. Therefore, it is important to ensure that all parameters are set correctly and that they are regularly reviewed and updated as needed. Additionally, it is recommended that users consult with their SAP administrator before making any changes to ensure that they are setting the correct parameters.