Cross-Company Code Clearing
Use
You can enter cross-company code transactions in one step in the
General Ledger
,
Accounts Receivable
, and
Accounts Payable
application components. This function would be used, for example, for centralized procurement or payment.
Integration
For centralized payments, each individual company code enters its own invoices separately, while a central company code pays them. When you are clearing open items, the system makes clearing entries between the company codes participating in the clearing procedure. These clearing entries represent the receivables and payables that exist between the company codes in centralized payment.
Prerequisites
You have specified which company codes are to be processed via a single company code. In this specification, you can distinguish between clearing transactions. You can therefore have different combinations of company codes for incoming and outgoing payments.
You have specified the clearing accounts that record the receivables and payables between the individual company codes. The system posts to these accounts automatically when clearing the open items.
You have made the required settings in the activity Prepare Cross-Company Code Manual Payments in Customizing for
Financial Accounting
(
Accounts Receivable and Accounts Payable
Business Transactions
Outgoing Payments
Manual Outgoing Payments
).
Features
For each company code, the system generates a separate clearing document. A joint transaction number marks these documents as belonging together.
Example
For a clearing transaction (incoming payment, outgoing payment), you have agreed in Customizing that if company code 0001 is specified, open items are also selected from other company codes (0002 and 0003).
Note
Clearing can then also be carried out if the account to be cleared has not been created in company code 0001. As long as no items have to be posted to this account in company code 0001, it is not necessary to create a master record for the account in company code 0001.
See also: