Hi experts,
Being a novice in Accounting , I need your help.
I am designing an interface to upload and park journal entries into SAP.
However , there is a constraint here.
If the the number of line items in the journal exceeds 950, we need to create several SAP documents using a clearing account.
The clearing account must contain the total amount of the items (upto 950 again ) with the opposite sign, in-order to balance to zero the SAP document.
Subsequent SAP docs must follow the same procedure until the document in excel has been completely posted. In the end , the balance in the clearing account must be zero.
Can anyone explain what this means and how this works with a simple example?
Any help would be highly appreciated.