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5) What is the use of Rec.account and open item management,
for which account we
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Answer Posted / kondala rao
Reconciliation is nothing but a link between gl acccounts and sub ledger.with out this link we can't post directly in sub ledgers. it will not update our gl accounts.
open item management is used to clear the outstandings. in this method we can clear full payment, partial payment, or residual payment.
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