Open Item Management for Check Issue / Check Deposit Accounts??

[Former Member]

Dear Members,

Can we define Check Issue and Check Deposit Accounts as Open Item Management Accounts??

Pls Suggest me.

Thank U.

[Former Member · Accepted solution]

Hiii..

Actually we have to keep Incoming & outgoing a/c as open Item management only because when we BRS we clear the items that has been cleared by bank & keep the pending checks as open.

Regards,

aakash

[Former Member · Accepted solution]

H,

All answers are rewarded.

Thank u

[Former Member · Accepted solution]

Stills answers are welcome.

[Former Member]

hi,

check issue and check deposir g/l accounts select a open item management.

because ur payment as clear or not

how will u see the payment clear ?

so , these accounts select open item management

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

Use

Items posted to accounts managed on an open item basis are marked as open or cleared. The balance of these accounts is always equal to the balance of the open items.

regards,

janakiram

[Former Member]

There is no prob in keeping them open item managed

Saurabh