on 09-09-2007 7:16 AM
hi,
1) customer and vendor by default is open item managed whereas clearing account we need to explicitly define them as open item managed, right?
2) may i know if asset can define as open item managed?
thanks
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Vendor & Customer accounts are managed on open item basis because there is always offsetting effect i.e Invoice Booking & Payment / Receipt.
What exactly is ur requirement in respect of Asset ?
Regards
Ameya....
i just would like to know if asset also open item managed. just would like to clarify.
It is not necessary for asset recon. account to be managed as OI. Basically, only account that needs to be cleared or offset would be managed as OI, but for assets accounts, like depr exp or acc. depn accounts, those are not need to be cleared.
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