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