Clearing Control
Definition
Clearing Control is an automated logic engine resting securely within FI-CA that structurally determines exactly how a customer’s incoming payments or outgoing credits are applied mathematically against their pending open item debts.
Business Purpose and Architecture
If a customer owes $30 for a water bill, $70 for an electricity bill, and $15 in late fees, but mails a $50 check, the utility must decide legally exactly which balances the $50 pays off first. This is the business purpose of Clearing Control. Architecturally, it operates heavily during the Invoicing run. Based on customized steps, it automatically reads the Contract Account, checks historical down payments, matches items based on due dates or priority rankings, and performs mathematical settlement before generating the final printed invoice bounds.