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Open Item Management on G/L accounts - Residual item

Hi guys,

We would like to clear open items on G/L accounts with residual items. Is this possible as I could only find this configurable on vendor / customer accounts.

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We have lots of clearing accounts in banking which are currently not marked as open item managed. In addition those accounts are posted with values from FI-CA / mass debitors. We would like to enable OIM and clear transactions (esp. incoming) based on a reference automatically (e.g. based on F.13) on the general ledger accounts. Of course we are not speaking about clearing in FI-CA rather about G/L.

Due to unreliable data and unforeseen transactions in FI-CA the transactions on the account to a specific reference do not always clear with balance 0. This results in the requirement to handle differences. The residual item could be used to handle this in an efficient way and to not have a third account for this.

Thanks a lot for any insights or hints!

Regards

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1 Answer

  • Best Answer
    May 22, 2017 at 06:53 AM

    Hi,

    If I understand you correctly, then I see no specific problems in applying this solution. Of course, since it is about retroactive activation of O/I regime, it would be better to perform a test exercise on the accounts in question. This way, you would see if there are any issues in flagging the documents as open items and you will have an idea about the offset amounts, which would be still remaining after clearing. What you call a 'residual item' would be basically an offset of the lump sum amount which remains on each and every G/L account. Of course, you can clear it against some dummy G/L posting, though it would eventually mean transferring open balances from one G/L to another.

    Regards,

    Eli

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