Cash Discount Clearing account?

[former_member206437]

HI

what is the use of Cash Discount Clearing account? where it is reflecting? All ready some of them given answer in our sdn for this but i am not getting there points.They where saying like in AP invoice in accounts tab if 'Net procedure" is activated then this clearing account will come but i am not getting wat is this... so pls tell me the implication of this account.. also wat are the clearing accounts is there in our B1..

Giri

Edited by: Giri dharan on Oct 14, 2008 12:23 PM

[Former Member · Accepted solution]

Hi Giri,

Since you already read though the other thread for this topic, I will just briefly recap what it is.

Simply definition is: Cash Discount Clearing account is a temporary account to hold cash amount before it should be cleared. It is just like you need to put it away for some time before you can or you have time to handle it.

Thanks,

Gordon

[former_member206437 · Accepted solution]

Hi.

If u dont mind Can u explain me where its reflecting.

[preety_goel · Accepted solution]

Hi,

The Cash Discount Clearing Account is used when the 'Net Procedure'

option is selected in the Accounting tab of the 'AP Invoice' function.

For the localizations where the "Net procedure" option is not available in AP Invoice, accounting tab,

this Account is irrelevant.

Regards,

Preety Goel

SAP Business One Forums Team

[former_member206437 · Accepted solution]

Hi

Thanks you very much Gordon & Preety Goel.

I am not finding like that option in Indian localizations, so as per preety goel this Account is irrelevant.

Giridharan

[former_member206437 · Accepted solution]

Hi

Also still one my question is pending. what are the accounts are clearing account in B1

Edited by: Rui Pereira on Dec 4, 2008 1:49 PM

[Former Member · Accepted solution]

Just names a few for other clearing account in B1, it may not apply to you:

Allocation Account

Expense Clearing Account

Down Payment Clearing Account

Freight clearing accounts

Actually, you can have your own clearing account if you need too.

Thanks,

Gordon

[Former Member]

By definition:

Clearing account: An account to which postings are recorded temporarily because of a time gap between accounting transactions, organizational task distribution, or accounting transactions requiring clarifications.

Thanks,

Gordon

[former_member206437]

HI Experts