Clearing of oldest items first in FICA

[Former Member]

Dear Friends,

My Utility client is implementing SAP-ISU.

Presently their Legacy system uses a "Balance Carryforward" functionality for clearing the open items.

The system simply clears the oldest bills outstanding for the Business partner with the Payments received.

So whether the customer pays through check/draft/direct memo instructions the system clears the oldest bills outstanding.

The same functionality is required in SAP.

Their is no requirement for assignment criteria for clearing of payments say check number/bill number,etc except the Customer's Contract a/c.

SAP suggests clearing of Outstanding bills through Payment lots/ Check lots/card lots using assignment criteria.

Please let me know how i can have payment clearing with this 'oldest bill first' clearing functionality in SAP.

Also request to please send me your phone numbers so that i can contact you for seeking help.

Thanks and Regards,

[Former Member]

Hi Friends,

This Question can be reframed like this for convinience:

While processing a payment lot if we will not give any assignment criteria except BP contract a/c, will the system clears on First In First Out Basis.

Regards,

[Former Member]

Hi Priyank,

The clearing of items in first in first out basis can be done through clearing control.

You have to do the settings in the follwing path.

IMG -> Financial Accounting (New) -> Contract Accounts Receivable and Payable -> Basic Functions -> Open Item Management -> Clearing Control -> Define Clearing Variants

Hope it will be useful to you.

Regards,

Bodhayan