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




Answers were Sorted based on User's Feedback



In GL Master Record creation (FS00) for what type of accounts do we need to select "Open Item..

Answer / sridhar

for all clearing GL's we will check the open item management option, like for ex: GR/IR clearing.

Is This Answer Correct ?    17 Yes 0 No

In GL Master Record creation (FS00) for what type of accounts do we need to select "Open Item..

Answer / satya

ALL CLEARING ACCOUNTS

Is This Answer Correct ?    7 Yes 0 No

In GL Master Record creation (FS00) for what type of accounts do we need to select "Open Item..

Answer / u.y.s

This will be used for vendor / customer and Blancesheet
items where clearing is required. never select P&L accounts
this option

Is This Answer Correct ?    8 Yes 4 No




In GL Master Record creation (FS00) for what type of accounts do we need to select "Open Item..

Answer / raghu

If you click this inbox, that means one more entry has to
posted to get knocked off this entry

Is This Answer Correct ?    3 Yes 0 No

In GL Master Record creation (FS00) for what type of accounts do we need to select "Open Item..

Answer / ranjith8055

FOR Vendor transactions,Customer transactions, TDS transactions, bill discounted, and provisions for out standing exp we select open item management option.
open item means pending transactions in SAP.by selecting open item management option in control data tab in master record(fs00) it will show the open item until the corresponding payment/receipt posted or until clear

Is This Answer Correct ?    2 Yes 0 No

In GL Master Record creation (FS00) for what type of accounts do we need to select "Open Item..

Answer / ramanagottipati

'Open Item Management' check box is ment for any account
which needs to get cleared. But this is not needed for the
Vendors, Customer or Assets items as they are already Sub
Ledgers and the data of them is already saved seperately
and are not again maintained at GL level. To say in short,
the system will not even allow you to Check this box it the
account is a Reconciliation account(GL account for Vendors,
Customers or Assets).

The Open Item Managed account will have Both the Debit and
Credit transactions to be Knocked off and to be sent to
Cleared Items.

Is This Answer Correct ?    1 Yes 0 No

In GL Master Record creation (FS00) for what type of accounts do we need to select "Open Item..

Answer / 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 7 No

In GL Master Record creation (FS00) for what type of accounts do we need to select "Open Item..

Answer / kashif

In GL Master Record, we "check", open item management for
assets only.

Is This Answer Correct ?    2 Yes 22 No

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