Netting Scenario - How to Clear Payable/Receivable When the Business Partner is Both Supplier and Customer

[lokesh2]

Hi All,

The Document provides details on how to clear payable items against the receivable items if the Business Partner is both Supplier & Customer.

We have provided with step-by-step screenshots to acheive the Netting Scenario in SAP Business ByDesign System and this feature is available from 1605 release.

Step 1: Under Scoping Element  -> Cash Flow Management -> Payment and Clearing

Step 2: If you have not yet defined a business partner having both roles as Supplier & Customer then

Select the business partner, create as < supplier > after the supplier is created, repeat the steps to create it as < customer > by click on Account.

Step 3:

you can now see that customer & supplier are created and sharing same Account IDs

Step 4: To show an example, find the below invoices posted to show open amounts in both the accounts

Step 5:  < Clearing > / < Netting > against supplier & customer invoice

Now, either from the customer account monitor or supplier account monitor, select the invoice line  and click on < Clear Manually >

you can observe that, supplier invoice & customer invoice together appear for the clearing

Step 6: Select the items against each other & Click on Clear

Payable - Receivable or Vice-versa, the remaining balance amount will be shown the Account Monitor Balances

Please reply in case you have any query on this topic.

Thanks

Lokesh Sharma