In GL Master Record creation (FS00) for what type of accounts
do we need to select "Open Item Management" in the control
data field? Why ? Explain the concept
Answer Posted / ramanagottipati
'Open Item Management' check box is ment for any account
which needs to get cleared. But this is not needed for the
Vendors, Customer or Assets items as they are already Sub
Ledgers and the data of them is already saved seperately
and are not again maintained at GL level. To say in short,
the system will not even allow you to Check this box it the
account is a Reconciliation account(GL account for Vendors,
Customers or Assets).
The Open Item Managed account will have Both the Debit and
Credit transactions to be Knocked off and to be sent to
Cleared Items.
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
hello sap guru's...while creating outbound delivery VL01n i getting a error..msg no VL461,VL248..i saw solution step's in sap.scn.com....even i could not proceed this outbound delivery..plz give a detailed explanation to solve error..thanking u senior's...junior
What is known as the translation factor?
What are the steps for creation of New Movement types and specific requirements for GL and codes from a unique company code?
In movement type(mm), what is value & quantity string? It updates values and quantities in gl with valuation class, transaction key modifier and gl a/c. But how does it work when doing a mvt type?
Explain complex assets and asset sub numbers? : fi- asset accounting
How data flows through mm into fi? : co-pa
Can you please explain the process of DMEE.
What is variance analysis in co-om-cca? : co- cost center accounting
In period 1 there is a wip posted of 22000 usd in period 2 some further goods issue are done to the extent of 15000 usd. How will system calculate wip for period 2?
What is a chart of depreciation? How does it differ from a chart of accounts? : fi- asset accounting
How many statistical objects can be selected in when you post an fi document?
Overview of G/L account :- Dear, what type of G/L account use in SAP.How to see all type of G/L account in sap those are used in a organization
Explain what a transaction in sap terms?
What exactly posting key is in fico and what is its significance?
What are special types of log records?