Open Item Management

[Former Member]

Hii all of u ...

For which accounts we have to select "Open item Management " in FS00 ??

Wht is the Clearing procedure for GL Accounts?

Is there any provision to do " Automatic Clearing " for Vendors and Customers , as we r uploading the data for customer and vendor accounts...if is there can u plsss explain to me...

Answers will b great appreciateble..

thanks in advance

regards

ramki

[Former Member · Accepted solution]

HI

Select Open item Management " in FS00 for balance sheet accounts which are payable,receivable and clearing accounts.

EX-Rent payable ,tax payable,GR/IR,bank clearing accounts etc.

Customer and vendor accounts are managed as open by SAP by default.

You can do automatic clearing for customers,vendors and GL accounts via F.13 for which you are required to do config at OB74.

Hope this helps

Good Luck

Hari

[Former Member]

Hi

Accounts that are managed on an open item basis include:

Clearing account:

Bank clearing account

Payroll clearing account

Cash discount clearing account

GR/IR clearing account

Accounts that are not managed on an open item basis:

Bank accounts

Tax accounts

Raw material accounts

Reconciliation accounts

These are managed implicitly using the subledger open item function.

Profit and loss accounts

Materials Management (MM) accounts posted with a posting key that has account type 'M'

If useful assign points

Regards

Amit

[Former Member]

hi ,

we can choose open item management for

balance sheet a/c

clearing a/c

sholudnot be p&l account

shouldnot be recon account

line item management should be selected.

auto clearing can be done through f.13 for customers

rgds

chalam