Account type M and G/L account with open item management not permitted

[Former Member]

HI,

While doing GR I had the error "Acct. 204299 for trans./event key BSX, postable directly" then I tried the transaction : FS00 in the tab,Create/Bank/Interest flag the Check box Post automatically only. then the error was solved, but now Im getting the following error "Account type M and G/L account with open item management not permitted" Please Help me out.

Regards

MV

[Former Member]

Hi Mohan,

In the gl master, put the cursor on open item management checkbox and press F1 for help. You will find the explaination along with the following example. You should not select this check box for material accounts. Some part of the content in F1 help is reproduced here under....

Accounts that are managed on an open item basis include:Clearing accounts:

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'

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[Former Member]

Hi,

Very Helpfull Answer,

Regards

MV