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Former Member
Jul 25, 2016 at 09:51 AM

Asset clearing A/c maintained as P&L

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Hi experts,

I know i am asking a very basic question. Please help me out to resolve this issue. Since 5 years in our company they have maintained Asset clearing A/c as P&L A/c and they faced difficulties in clearing the WBS during year end closing. So now they want Asset clearing A/c to be activated for Open Item Management. What can be done and suggest a way to resolve this issue.

I searched all over SCN but didn't get clear idea on this. I learnt from SCN that we have differences in Vendor/Customer clearing and Asset clearing.


I want to know in what cases Asset clearing A/c should be activated and not activated for Open Item Management.


Please help me.



Thanks in advance

Sandeep