In this activity you assign the G/L account that records open items per credit card type to a cash clearing account.
The G/L account records all the receivables that you report to the credit card company using a settlement program. The settlement program posts the reported open items against the cash clearing account and clears them.
A G/L account kept on an open item basis and a cash clearing account must already be created.
Assign each G/L account you set up for each credit card type to a cash clearing account.
For more information on payment cards, see the "Payments" section in the FI Accounts Receivable and Accounts Payable documentation.