What is open line item management? What do you mean by
clearing open line items?

Answer Posted / sunil

Open Item management means managing the uncompleted or
unfinished business transactions. It can be bills payables
or bills receivables. Once it's paid or received it will be
cleared, which means the transaction has been closed. Any
jounal entry passed in the system will appear as open item
till it's cleared.

Is This Answer Correct ?    11 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How many currencies can be configured for a company code?

733


What is periodic processing in fi-aa? : fi- asset accounting

705


Hi Can any one Tell me in Detail from Starting Like i have finished the FI Part,now Soon after this How am i going to start the CO Part from where to where & how to link(Just give T.Codes i will understand) and when to Finish. Thanks in Advance.

1511


What do you mean by opening/closing posting periods?

583


What are exchange rate "factors" ?

682






What is the co reconciliation ledger and when would you typically use it?

649


What is the transaction code to create a cost center? : cost center accounting

652


there is a inst named technopad which is giving sap fico training,can anyone tell me that is that a good option for sap training

1694


What are the key differences between cost center, profit center and internal order? : cost center accounting

630


HOW ARE SAP FICO JOBS RIGHT NOW?

1550


Explain the two ways used to create asset masters? : fi- asset accounting

604


Why is preliminary cost estimate required?

614


What is a release order? : fi- accounts payable

717


A finance document usually has an assignment field. This field automatically gets populated during data entry. Where does it get its value?

716


what is the journal entry for bank guarantee? And under which account group(asset or liabilities)it will come and T CODE for posting bank guarantee ? pls elaborate ........

4138