Hi,
Open Item :- Select this tick if you want to see all individual line items that makes the total of the account. By selecting this tick you will be able to see both open and cleared items. GR/IR accounts should be managed on open item basis.
Line Item:- Tick this if you want to see the balance of an account by individual postings. Generally Revenue & Expense accounts should be managed on line item basis.
Hope this will help.
Regards
Valay Pandya
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