What is F.13? When it is being used?

Hi All,
What is Automatic Clearing using F.13? When is this being used? Can anybody give an example for the same?
Thanks in advance.
regards
srikanth.

F.13 is to clear accounts maintained on open item basis. With this transaction items matching the criteria set in configuration, would be cleared against each other.
For eg item in GRIR account, one at the time of GRN and the other offsetting item at invoice verifiction, would be set off against each other thru F.13. Thus it would clear all matching entries and leave out the open items in that account
Config: SPRO - FA'g - GL a/c'g - Busi trns - Open item clg - Prepare auto clearing
Thanks and Regards

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