Re: [sap-acct] "Open Item Managed" flag for GL account
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 | Posted by hugog on May 8 at 11:54 AM |  Mark as helpful |
> Although bank accounts and tax accounts are
> not cleared, are there any negative consequences in flagging
> them as open item managed?
Bank CLEARING accounts (not the main account but the ones were the user posts its payments, for example) should be flagged as O.I. managed.
Hugo
Argentina
De: vinay thakur via sap-acct <sap-acct@Groups.ITtoolbox.com>
Para: hugog <hglagovsky@yahoo.com>
Enviado: martes, 4 de mayo, 2010 10:44:06
Asunto: RE:[sap-acct] "Open Item Managed" flag for GL account
Posted by vinay thakur
on May 4 at 9:43 AM Mark as helpful
A goods receipt/invoice receipt (GR/IR) clearing account should be managed on an open item basis so that you can check at any time whether invoices have been received for the goods received for an order.
Set up accounts without open item management if no offsetting entry is to be made against a posting to this account.
Examples
---------------Original Message---------------
From: JCerqueira
Sent: Saturday, May 05, 2007 12:55 AM
Subject: "Open Item Managed" flag for GL account
> Below please note SAP's documentation on the "Open Item
> Management" flag. Although bank accounts and tax accounts are
> not cleared, are there any negative consequences in flagging
> them as open item managed?
>
> Defining "Open Item Management"
>
>
>
> Use
>
>
>
> 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.
>
>
>
> Prerequisites
>
>
>
> You can only clear open items that are posted to accounts that
> are managed on an open item basis. Open item management is
> automatically set for customer and vendor accounts. For G/l
> accounts, however, you have to set the open item management
> option in their master record yourself. Open item management
> would usually be set for the following G/l accounts:
>
>
>
> Check clearing accounts (bank clearing accounts)
>
> Goods receipt/invoice receipt
__.____._ > not cleared, are there any negative consequences in flagging
> them as open item managed?
Bank CLEARING accounts (not the main account but the ones were the user posts its payments, for example) should be flagged as O.I. managed.
Hugo
Argentina
De: vinay thakur via sap-acct <sap-acct@Groups.ITtoolbox.com>
Para: hugog <hglagovsky@yahoo.com>
Enviado: martes, 4 de mayo, 2010 10:44:06
Asunto: RE:[sap-acct] "Open Item Managed" flag for GL account
Posted by vinay thakur
on May 4 at 9:43 AM Mark as helpful
A goods receipt/invoice receipt (GR/IR) clearing account should be managed on an open item basis so that you can check at any time whether invoices have been received for the goods received for an order.
Set up accounts without open item management if no offsetting entry is to be made against a posting to this account.
Examples
---------------Original Message---------------
From: JCerqueira
Sent: Saturday, May 05, 2007 12:55 AM
Subject: "Open Item Managed" flag for GL account
> Below please note SAP's documentation on the "Open Item
> Management" flag. Although bank accounts and tax accounts are
> not cleared, are there any negative consequences in flagging
> them as open item managed?
>
> Defining "Open Item Management"
>
>
>
> Use
>
>
>
> 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.
>
>
>
> Prerequisites
>
>
>
> You can only clear open items that are posted to accounts that
> are managed on an open item basis. Open item management is
> automatically set for customer and vendor accounts. For G/l
> accounts, however, you have to set the open item management
> option in their master record yourself. Open item management
> would usually be set for the following G/l accounts:
>
>
>
> Check clearing accounts (bank clearing accounts)
>
> Goods receipt/invoice receipt
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