about open item

[Former Member]

hi all

pls explain about open item

[Former Member]

If you set the "Open item management" indicator in the master record for an account, the line items in this account is marked as open or cleared.

The balance of an account with open item management is equal to the balance of the open items. General ledger accounts are kept with open item management if you need to check whether there is an offsetting posting for a given business transaction.open item management for bank clearing accounts, clearing accounts for goods receipt/invoice receipt, and salary clearing accounts.

Bank accounts, however, do not use open item management.

open item management for a G/L account, this entry only applies to the items which are posted afterwards. At the date of the change, the account must display a zero balance.Also, when canceling this indicator, the balance must be zero. You therefore have to clear the remaining open items before making the change in the master record.

Once these open itms are cleared it shows in cleared items list.

[Former Member]

Hi,

Understand the link

http://help.sap.com/saphelp_47x200/helpdata/en/01/a9c093455711d182b40000e829fbfe/frameset.htm

sridhar

[former_member188826]

When you a sell a product to a customer, this goes to that customer account as open item. When the customer later pays for the invoice, you make posting to his account and match the invoice and mark it closed. You push aside the open items that no longer needs attention to closed .

The open items and closed items can be seen in AR,AP and GL. You need to set the master data of the account in order to enable manage open items, in case of a GL. AR, AP by default has the open item management.

There is a process called clearing that helps to match the open items to be classified as closed items. When you run FBL1N, FBL3N or FBL5N for viewing the line items of the accounts, you can choose between open, closed or all items.