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Open item mangament means
Open item management: how you want to manage all the open item in particular GL A/C.
Open item management is the setting which allows the setting to maintain the open items for the particular GL account.
Use of open item management
Defining "Open Item Management"
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.
You should use 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.
If you subsequently define 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
Regards,
SitarmaiahM.

On Sat, 27 Jun 2009 10:30:36 +0530 wrote
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>Sorry for the stupid question, but can someone explain what open item management is? I believe it is just for balance sheet accounts and I believe it is only for nonreconciliation accounts.
>But what is the purpose? __.____._