In GL Master Record creation (FS00) for what type of accounts
do we need to select "Open Item Management" in the control
data field? Why ? Explain the concept
Answer Posted / sridhar
Open item Management is used for Accounts which need to be
cleared with in the financial year. And all clearing
accounts come under Profit and loss Statement.
So, Open item Mgmt is selected for P&L Accounts.
Hope this helps.
| Is This Answer Correct ? | 1 Yes | 9 No |
Post New Answer View All Answers
How many retained earnings a/c can be defined?
In payment term configuration what are the options available for setting a default baseline date?
what is diff.between production by order and product cost collector?
In accounts receivable, what’s the difference between the ‘residual payment’ and ‘part payment’ methods of allocating cash?
hi, waht is line item settlement,investment measure,manage historically helps in OAOA?
HOW TO ACTIVATE SEGMENT FILED IN ASSET ACCOUNTING ALSO CAN WE GET SEGMENT WISE FINANCIAL STATEMENTS IF YES THEN WHY WE ARE SPECIFYING BUSINESS AREA WISE FIN. STATEMENTS IN GLOBAL PARAMETERS (OBY6)
How do you configure the gl account for the house bank? : fi- general ledger master data
What is a release order? : fi- accounts payable
What is a company code?
Explain the value of creating a cost center?
Explain the term sap fico?
tell about u r business proceses?
Explain derived depreciation? : fi- asset accounting
Can one chart of accounts be assigned to several company codes?
Define the term "fiscal year"?