Clearing account (SAP B1)

An account on which bookings temporarily recognised.
Clearing accounts are auxiliary accounts that exist for technical reasons and are cleared repeatedly.

Definition and purpose

A clearing account temporarily records postings and serves as an auxiliary account for various accounting purposes, such as

Bridging time differences between posting transactions
Support with the organisational distribution of tasks
Recording of accounting transactions requiring clarification

Characteristics

Clearing accounts are regularly balanced as they exist for technical reasons and are not intended to be permanent. accounts are provided. In SAP Business One, they are used automatically in the background.

Versino Financial Suite

the Versino Financial Suite for SAP Business One supports the clearing account by automating postings and simplifying processes in financial accounting. It enables automatic invoice accruals and deferrals, individually configurable posting texts and a better overview thanks to specialised reports such as totals and balance lists. This makes administration and billing via clearing accounts in SAP Business One more efficient and secure.

Areas of application

Clearing accounts are used in various areas, for example:

WE/RE clearing accountBridges time differences between goods receipt and invoice receipt.
Bank clearing accountSupports the organisational distribution of tasks.
landed prices: Recognises additional costs when purchasing items.

Configuration

Clearing accounts are set up in the system settings under Administration > Organisation > Finances. A separate clearing account must be defined for landed costs.

Special features

Clearing accounts differ from Reconciliation accountsthat are directly linked to business partners. Manual postings to clearing accounts are generally not intended or useful. Correct configuration is essential to ensure automated posting processes in SAP Business One.

FAQ-FINANCE-SAP BUSINESS ONE

SAP B1 blog