Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 8 Answers
- 17577 Views
- IBM, I also Faced
- E-Mail Answers
Answer Posted / 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 ? | 2 Yes | 0 No |
Post New Answer View All Answers
What is a cost center group?
error msg no-f.5071 in down payment. what would be the entry for clearing this open items..in f-44..?
what is a transfer variant? : fi- asset accounting
what are the advantages & dis advantages document splitting in fico? where as we can see the reports gl a/c wise & particular vendor/customer/document wise why we prefer doc splitting? let me know the possible answer soon. asked @ Accenture.
List the reports in credit management? : fi- accounts receivable
State the purpose of defining posting keys?
Can I integrate a data quality solution within other software applications?
At the time of creating GRN can I mention business area?
What are the different standard reports in sap co system? : cost center accounting
Explain the various reference methods? : fi- general ledger
What is a local currency?
Explain the importance of asset classes in the sap software?
What is chart of depreciation ? : fi- asset accounting
What controls the screen flow?
What is meant by a “baseline date” in sap ar and ap?
