A transaction that requires an item to be cleared.
The standard system contains a clearing transaction for each clearing function that creates documents. The clearing transactions are:
Incoming payment
Outgoing payment
Transfer posting with clearing
The following overview lists the clearing transactions in the standard system and the functions used to post them.
To clear items against an incoming payment, you would use the
Incoming payment
clearing transaction. If you make a payment to a vendor, you would use the
Outgoing payment
clearing transaction.
There are two separate functions specially designed for each of these clearing transactions: Incoming payment and outgoing payment. Special screens are used for these functions. This makes processing open items much simpler. The fast entry function enables you to enter payment lots quickly. This function uses the posting key defined for the incoming payment clearing transaction.