Gl a/c

Question

Hi gurus,
   while creating gl a/c master records we do not select open item management check box.please tell me which are those gl a/cs to which we do not select open item management.reply in detail.

Answer 1

Hi
Generally We select Open Item Mangement Checkbox for the Accounts (not the Recon Accounts) Payables or Receivables Items which will be cleared with the opposite side postings.
Ex: Rent Payable, Interest Payable, Salaries Payable...etc. Once the Actual Payment Made that concerned Open Item will be cleared. other wise it shows as Open Item to show in the Balance Sheet.
Chandra