what is open item management

[Former Member]

hi all,

While we try to create an account in g/l using fs00 trn. we can see line item and open item management? what is these options for? can anyone explain abt it ?

regds

hari

[sridevi_p]

Hi,

Line Item Display: to view both the balance and the individual line item details. For accounts without “line item display”, only balances are displayed

Reconciliation Account: Vendors / Customers & Assets – Line items are managed at sub-ledgers itself

Open item management: Specifies line items as open or cleared

You should use open item management for: bank clearing accounts, clearing accounts for goods receipt/invoice receipt, and salary clearing accounts.

You can only set /cancel open item mgmt. if the account has a 0 balance.

Regards,

Sridevi

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[Former Member]

Hi

please find followin links

cheers

Muralidhar

[Former Member]

hi aparna and all,

Can you give me some examples for line item management.

thanxs

hari

[Former Member]

hi

Example:Let say for an expense account if have selected line item display and if u ll go to fs10n system will display the account balance now here if you ll click on an item it will display the document on the contrary if u have not selected line item display u cannot see the document here

Do not set this indicator for accounts in which the number of postings is so large like A/R A/P bank account

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[Former Member]

It is essential to set up open item management only in cases where offsetting entries are to be assigned to the posting made to this account. Hence, open item management is only used in case of clearing accounts where there would be open items which need to be offsetted subsequently.( Example, bank clearing a/c, GR/IR Clearing account etc.,). In these cases, the transactions are initially displayed as "open items" and only on offsetting they become "cleared items".

In case of line item display, unless this option is selected, one cannot view line item display when using reports like FBL3N. This option helps us to view line item display and to drill down to the original document.

Please do award points if this clarified your query.

[Former Member]

<u><b>Open item management</b></u> When the postings to account should be cleared with offsetting entries such type of accounts are maintained as Open item management.Postings to these accounts represent incomplete transactions.

For example GR/IR clearing account which we use for the time been for invoice verification once its done we dr GR/IR clearing account and credit vendor and this clears the open item in clearing account.

<u><b>Line item Display:</b></u>When we want to see not only the balance of the account but also the line items we maintain account with line item dislplay

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[Former Member]

hi

Open items are incomplete items, they maintain balances at the end of the fiscal year and that are to be forwarded to Balance Sheet

Line items are completed items and they will not be carry forwarded further

All Balance Sheet items are open items

hope this helps u...... give points to thank

Message was edited by:

Aparna sekhar