© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2023
A. OkungbowaSAP S/4HANA Financial Accounting Configurationhttps://doi.org/10.1007/978-1-4842-8957-0_6

6. Clearing Open Items

Andrew Okungbowa1  
(1)
New Addington, UK
 

Objective

In this chapter, we will be looking at how to prepare automatic clearing for Open Items, define maximum exchange rate difference, and perform foreign currency valuation.

At the end of this chapter, you will be able to:

  • Prepare Automatic Clearing.

  • Create accounts for clearing differences.

  • Define Maximum Exchange Rate.

  • Specify settings for Currency Valuations.

Clearing Open Items

Transactions with business partners are said to be open or partially completed until full payments are made and related ...

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