what is open item management?

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what is open item management?..

Answer / divya

while creating gl master record there will be one field
called open item management where we need to tick the
indicator so that at the time of posting any invoice
relating to debtors or creditors automatically the invoice
whatever we have posted will be shown as an open item which
means that has to be cleared or payment has to be done.
when we want to check the customer or vendor balances it
will be shown with a red mark which indicsates that it is
an open item management

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what is open item management?..

Answer / avish

open item management is related with outstanding expenses IE;
salary account which is not paid yet it has to be pay in future related account receivables and account payable.

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