Saturday, January 10, 2009

Open Item Management FI General Ledger

Items in accounts with open item management are indicated as open or cleared. The balance of an account with open item management comes from the balance of open items. General ledger accounts are administered 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.

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