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
- 14888 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 are the top 3 questions you have to ask before going to start the implimentation of project?
What is a (tax) jurisdiction code?
In selection screen I have three fields, plant mat number, and material group. If I input plant how do I get the mat number and material group based on plant dynamically?
What is short-end fiscal year?
Explain cash management in sap? : fi- general ledger
What is Trading partner? why we use this, usually which will come whenever we configure vendor/customer/posting of any invoice etc.
What is the legacy system migration workbench (lsmw) and when would you use it in your sap fi/co rollout?
What do you mean by component scrap and how is it maintained in sap?
How the system identifies a ‘posting period’?
What are the necessities of a dialog program must complete?
Why do we use sap fi?
For what purposes internal orders can be used?
Explain asset acquisition? : fi- asset accounting
How is it possible to apply 2 different overhead rates for 2 different finished goods?
What are the organizational assignments in asset accounting?
