Open item mgt and only balances in local currency

Hi ,
What is open item management and only banlances in local currency ?
for which gl accounts v select open item management and only balances in local currency
Pls explain urgent
Regards
umesh

1. Only Balances in Local Currency:
Indicates that balances are updated only in local currency when users post items to this account.
Use: You would set this indicator for accounts in which you do not want the system to update transaction figures separately by currency.
It is required to set theis indicator in:
1.  cash discount clearing accounts
2. GR/IR clearing accounts.
It cannot be set in reconciliation accounts for customers or vendors. Setting it in all other instances is optional.
Open item management:
Determines that open items are managed for this account.
Explanation: 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.
Procedure: Set up accounts with open item management if offsetting entries are to be assigned to the postings made to these accounts. Postings to these accounts represent incomplete transactions.
USE:
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.
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
Hope this is helpful. Pleas assign points if it is.
Julia

Similar Messages

  • F.05 and "only balance in local currency"

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    Hi Yogesh,
    Thanks for your quick replay, i use this transaction code "OB_GLACC12" when i was save it showing Error Message like
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  • GL Master - Only Balances in Local Currency

    I am curious when to check the 'Only Balances in Local Currency' (OBILC) box on a Open Item GL.  I've read information from multiple sources and interpret that it should be set on all OI accounts with a few exceptions like recon accounts for vendors and customers.  In my past experience OBILC was checked for most open item accounts but the company I'm currently with has the opposite logic.  With the box not checked, the clearing is process is quite complex and time-consuming.  We are on the classic ledger in 6.0 and have companies in multiple local currencies with group currency of USD.  Just looking for input because I'm doubting my interpretation of when to check this box.
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    Hi,
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  • Only Balances in local currency

    Hi,
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    Hi,
    Please check the below OSS notes:-
    [https://websmp130.sap-ag.de/sap(bD1lbiZjPTAwMQ==)/bc/bsp/spn/sapnotes/index2.htm?numm=1431450]
    [https://websmp130.sap-ag.de/sap(bD1lbiZjPTAwMQ==)/bc/bsp/spn/sapnotes/index2.htm?numm=327591]
    Regards,
    SDNer

  • Only balance in local currency

    Hi
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    Hi Satya,
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  • Remove tick Only balance in local currency

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    Regards,

    Dear:
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    Regards

  • Enabling "Only balance in local currency" for GL's

    Guru's
    Can any one help me on this.
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    Deepak,
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    Reward points.
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  • To activate ' only balances in local currency'

    HI,
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    Dear suja:
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    Please let me know if you want more information.
    Assign points if useful.
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    MSReddy

  • FS00 Only balances in Local Currency Check box

    Hi Sap Gurus,
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    If anybody knows please suggest me
    Thanks In advance,
    Bhaskar

    Hi Yogesh,
    Thanks for your quick replay, i use this transaction code "OB_GLACC12" when i was save it showing Error Message like
    "You want to save your changes. They will take immediate effect for all objects chosen. This action cannot be undone."
    0000115405 // 3130 : The data contains error, you cannot save  Message No.FH511
    0000115405 // 3130 : Changing the balances in local currency not possible; acct has a balance Message No.FH085
    0000115405 // 3130 : Keep balance sheet accounts in local currency only  Message No.FH132
    Can you help me how to change the Only balances in Local Currency Check box.
    Thanks,
    Bhaskar.

  • Open item issue and clear item issue in fbl3n

    Hi Guys,
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    The Document no. 920006532 in Company code 1010 ( IRN ) is shown in the open items list for GL account 292351 but also shown as cleared by Doc. No. 402020795 in the system. But while reviewing the cleared items in FBL3N the items of Doc. No. 402020795 are cleared for Doc No. 909000663 & 909000717 and not for the Doc. No. 920006532. That is the main reason the document line items are shown as open.
    Please guide deleted
    Regards
    Supreme
    Moderator: The SDN community would appreciate if you omit word 'immediately' in your requests

    1. Only Balances in Local Currency:
    Indicates that balances are updated only in local currency when users post items to this account.
    Use: You would set this indicator for accounts in which you do not want the system to update transaction figures separately by currency.
    It is required to set theis indicator in:
    1.  cash discount clearing accounts
    2. GR/IR clearing accounts.
    It cannot be set in reconciliation accounts for customers or vendors. Setting it in all other instances is optional.
    Open item management:
    Determines that open items are managed for this account.
    Explanation: 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.
    Procedure: Set up accounts with open item management if offsetting entries are to be assigned to the postings made to these accounts. Postings to these accounts represent incomplete transactions.
    USE:
    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.
    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
    Hope this is helpful. Pleas assign points if it is.
    Julia

  • Open Item Mgt

    Hi friends,
    I got the ticket from client that 10 GL acs not defined open item mgt and made no of postings. Now client needs to define the Open item Mgt to that acs. I have listened  that there is a program to correct the open item mgt.
    can any body give me the program name to rectify the above problem'
    Rgds,
    Venkat

    If you are in an new GL environment, you cannot change it; a new account is required as you may have to abandon the old one.
    Are you release 4.5 A or earlier? Then SAP supports the change program RFSEPA02/03 after you zero down the balance of the balance sheet account. Beyond 4.5A  and untill New GL, you can change it but beware, SAP no longer supports RFSEPA02/03, since handling errors frequently occurred in the past causing data inconsistencies.
    If you nevertheless want to use the reports, copy them to ZFSEPA02 or ZFSEPA03 and mark the following lines as comments:
    INITIALIZATION.
      CALL FUNCTION 'POPUP_DISPLAY_TEXT'
           EXPORTING
                POPUP_TITLE    = ' '
                TEXT_OBJECT    = 'RFSEPA02'    ('RFSEPA03')
           EXCEPTIONS
                TEXT_NOT_FOUND = 1
                OTHERS        = 2.
      LEAVE PROGRAM.
    In addition, you must adjust the EPA00F00 include. Mark the following line as comment:
    INCLUDE EPA00F00.
    *>>>> START OF DELETION - NOTE 175960 <<<<
    CHECK SY-REPID = 'RFSEPA02'.        "<<<< INSERT - NOTE 0065877
    *>>>> END OF DELETION - NOTE 175960 <<<<
    Enhance the following line:
    INCLUDE EPA00F00.
    *>>>> START OF INSERTION - NOTE 175960 <<<<
    CHECK SY-REPID = 'ZFSEPA02'.        "<<<< INSERT - NOTE 0175960
    *>>>> END OF INSERTION - NOTE 175960 <<<<
    Please be aware that questions regarding the use of the reports will only be considered as SAP Consulting, since the account change is a correction to an incorrect account control.

  • GL account char - XSALH "Indicator:Only Manage Balances in Local Currency"

    Hello experts,
    Regarding transaction FS00 or FSS0, i would like someone to give me a clear view of the utility of value field XSALH "Indicator: Only Manage Balances in Local Currency".
    When creating a GL account, from a technical perpestice, in which case i should activate this flag and in which case i should not activate it ?
    What are the different impact for the user, except the fact that balances are updated only in local currency ?
    Thanks in advance,
    Nicolas GORECKI

    Hi
    If the indicator Only Balances in Local Currency is selected in the master record, transactions figures are only managed for amounts translated into local currency.
    You should select this field for clearing accounts where you want to clear accounts by assigning items with the same local currency amount with one another, without necessitating exdchange rate difference postings.
    The indicator must be set in cash discount and GR/IR clearing accounts. This should not be activated for Reconciliation accounts for customer and vendors.
    This indicator is usually set in balance sheet accounts that are not managed in foreign currencies.
    IF this indicator is not set, to clear the open items, both the local and foreign currency amounts of the items to be clared must match. In such a case, it may be required to post an exchange rate difference postings.

  • Only balances in local curr.

    Dear Friends,
    What is the use with "Only balances in local currencies" setting in GL master?
    Please explain me clearly
    Bye
    N.M.B

    dear Friend
    Indicator: Only Manage Balances in Local Currency
    Indicates that balances are updated only in local currency when users post items to this account.
    Use
    You would set this indicator for accounts in which you do not want the system to update transaction figures separately by currency.
    Setting this indicator for accounts managed on an open item basis affects the clearing procedures. See the example below.
    Procedure
    Set the indicator in cash discount clearing accounts and GR/IR clearing accounts. It cannot be set in reconciliation accounts for customers or vendors. Setting it in all other instances is optional.
    It is usually set for particular balance sheet accounts including:
    Accounts which are not managed on an open item basis and not kept in foreign currencies.
    Accounts which are managed on an open item basis and have the same types of items posted in different currencies, but always allow clearing to be made if the local currency amounts correspond.
    Examples
    You set up a clearing account for goods receipts and invoice receipts and manually post these items to it. You post invoice receipts in the invoice currency and goods receipts always in the local currency.
    Invoice receipt            1000 DEM       600 USD
    Goods receipt                              600 USD
    Both items can be cleared if the clearing account balances are recorded in local currency only. If you have not set the indicator for this account, the system will translate DEM to USD during the clearing procedure in order to determine the amount in USD required to clear 1000 DEM. If the translation rate is .65 USD per DEM, then the system displays 650 USD for the invoice receipt and 600 USD for the goods receipt when the open items are processed.
    This means that to clear both of these items, you will also have to enter a difference posting for 50 USD, and the system will automatically make an additional exchange rate difference posting for this amount.
    Jain

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