What is open line item management? What do you mean by
clearing open line items?
Answers were Sorted based on User's Feedback
Answer / raj
Open line item is that a same debit or credit has to be done
against that account to make the balance zero of that
account. and this account can be clear only by paying full
amount of vendor or getting full amount form a customer. but
when we pay through residual method the invoice which we are
paying for becomes clear with the amount we paid to
vendor/customer and system generate a new document for the
remaining amount. and will show this doc. as open item.
| Is This Answer Correct ? | 1 Yes | 1 No |
Open items can be said as unresolved items in the
accounting process it means an entry needs to be made
complete if amount pertaining to the a line item is not
complete i.e., unresolved items. So on these open items
they are supposed to be cleared at the end of the financial
year. otherwise the entries cannot be processed completely.
| Is This Answer Correct ? | 4 Yes | 5 No |
Answer / seapna
we can used the the open ite management for out standig
payments and receivables
| Is This Answer Correct ? | 7 Yes | 11 No |
Answer / venkat
Line Item Means Nothing but business transaction. It means
clearly shows the details of transaction.
| Is This Answer Correct ? | 2 Yes | 12 No |
in payment terms what is the use of day light?in fsg 1 feild we can not control what is that feild.pls give the ans for this 2 questions
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If we have received a check from customer on 02 feb.10, deposited in bank on 3rd and check cleared on 5th feb. what are the journal entries should be passed for all three days? Also, what would be entries if check gets dishonoured in SAP?
What is a year dependent fiscal year variant ?
what is the difference between leading and non leading ledger.
How many numbers of line items in one single entry you can have?
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Instead of using GR/IR clearing account why cant we use provision for sundry creditors, if yes then why SAP using GR/IR Clearing Account
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Explain reversal of documents in sap : fi- general ledger accounting
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