Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

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

Answer Posted / dharma

Hi,
Defining "Open Item Management"
If you set the "Open item management" indicator in the
master record for an account, the line items in this
account is marked as open or cleared.
The balance of an account with open item management is
equal to the balance of the open items. General ledger
accounts are kept with open item management if you need to
check whether there is an offsetting posting for a given
business transaction.
You should use open item management for bank clearing
accounts, clearing accounts for goods receipt/invoice
receipt, and salary clearing accounts. Bank accounts,
however, do not use open item management.
If you subsequently define open item management for a G/L
account, this entry only applies to the items which are
posted afterwards. At the date of the change, the account
must display a zero balance.
Also, when canceling this indicator, the balance must be
zero. You therefore have to clear the remaining open items
before making the change in the master record.

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me some important tickets in fico?

2228


HI guys i am reently learning sap fico how is the course and i want to know how the sap fico in real time implementation guidelines can any send me how

2098


Is there an easy way to maintain exchange rates in sap?

1099


What do you mean fixed characteristic fields? : co-pa

1082


Does functional module level configuration come under workbench request or customizing request?

2401


What is the report painter?

1103


We have two diffferent bank accounts in our System that is icici bank & citi bank but the vendor wants us to pay him 100000 from two different accounts that is from axis bank and union bank so how we should configure in our sap system so that we can pay to vendor through App.

1563


What are special types of log records?

1251


Is it possible to maintain plant wise different gl codes?

1750


Hi Experts, What is Auto Debit in SAP? please of any body know let me know the answers Regards, Inthiyaz

2872


re: when i am posting insharecapitalpaid i received one message that is there is no item is assigned to this account (bankaccount)/company code

6019


Explain assessment in secondary cost planning? : co- cost center accounting

1077


How accrual calculation can be performed in the system? : cost center accounting

1226


What is an exchange rate type?

1122


What is direct and in-direct posting? : cost center accounting

1426