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Cash Discount Clearing account?


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..


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

Former Member replied

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.



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