GL Master -Open Item Management, Post Automatically

Hi All,
Hear I have a question.
A) Why should we select either 1.Openitem Management 2.Post Automatically or bouth to a G/L Master.
OR
B) In which situation we have to select either 1.Openitem Management 2.Post Automatically or bouth  a  the time of creating any  G/L Master.
Thanku

Hi,
1. Open Item Managed account means there will be matching debits anbd credits in a GL Accounts which can be cleared. For example GR/IR clearing account is an open item managed account. The Goods receipt documents are to be cleared with invoice receipt documents.
2. Post Automatically menas manual entries are not permitted, Entries get posted through FI - MM/SD integration. For example when a billing document is posted in SD an accounting entry to Revenue / Customer are posted automatically. Revenue account is set up as auto posting only and this will ensure that SD and FI values always match.
Example of Open Item managed and Post automatically is GR/IR clearing account.
Thanks
Murali.

Similar Messages

  • Activate "Open Item Management" for an Asset, line items posted previously

    Dear Experts,
    In Asset there are line items already posted but it is not "Open Item Management" only "Line Item Display" is activated. Now we want this as "Open Item Management".  We are using ECC 6.0.
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    - Nilesh

    Dear John Sir,
    Thanks a lot for the explanation which was really helpful.
    As per last discussion : "If asset clearing account XXXXXX had not been maintained as open item management and posted with a balance. It canu2019t be changed directly using FSS0 in G/L master because of non-zero balance on account XXXXXX."
    Please can you explain the detail steps involved for your suggested solution i.e; The step SA38 > RFSEPA02 should be used to achieve this purpose.
    We are usin ECC 6.0. so do we need to convert program "RFSEPA02" to "ZRFSEPA02".? And what are the repucations involved if we execute this solution, as SAP itself don't recommend this program to execute.
    Please help.
    - Nilesh

  • Open item management in GL master data

    Hi
    We created GL master data in 2000 and that time "open item management" was not selected.
    Later in 2004 we needed "open item management" so we canged settings.
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    even if we clear also it is still showing open item only.
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    Regards
    prasad

    Hello
    If you have created a GL account without selecting open item managment check box and lateron you found that it should have been maintained on Open item basis,the system will not alow you to mark the checkbox as open item mangt if some open items still exist.
    First make the account balance to zero by clearing the account.Even if the system issue a error msg try these:
    Block the relevant account for posting in the company code
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  • Posting to gl a/c with open item management are not permitted.

    hello,
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    Hello this is chandu,
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    Then assign those a/cs to automatic postings and run the rc val again
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  • How to Change Open Item Management Field in GL Master Record

    Hi,
    How to change the field Open Item Management becz eventhough I tried through in norrmal way of making it that GL balance to 0 and made the change after that it not allowing to save and throwing the following errors,
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    Hi,
    Once transaction data is posted, GL Account cannot be made into an open item managed account. However, you can consider the following options:
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    2. Until SAP version 4.0B SAP has provided a program to convert a GL Account to open item managed account after transaction data is posted (or vice versa). You can execute this program by blocking the GL Account and this will make the required changes in tables and also change GL Master record.
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    Thanks
    Murali.

  • Posting to G/L accounts with open item management not permitted Fagl_post

    Dear Expert,
    When i run the foreign cur rev. through FAGL_FC_VAL then system is not post the currency rev on open item on GL account.  It showing subject message and also show below mesaage:-
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    Thanks & Regards,
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    Hello Pankaj,
    Is your adjustment account was defiined as OI management. if yes, then t is generally not permitted to use the O/I managed account as an djustment account. The adjustment account is the same as O/I
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  • Post open items with clearing for a account nt previously open item managed

    Hi,
    We have a current VAT account which was not open item managed till April 2008. Since the account has a zero balance we were able to make it open item managed from May onwards.
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    Thanks and regards,
    Priyajit.

    Hi,
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    Check this with what exactly you have done.
    Assign points if solved the problem.
    Warm Regards
    Edited by: MILIND on May 20, 2008 10:29 AM

  • Activate "Open Item Management" for account, line items posted previously

    Hi SAP Gurus,
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    I did referred to a previous posting in this Forums Activate "Open Item Management" for an Asset, line items posted previously but i received these errors when following the solution. The errors are like below:
    *Account 0039091200 is a reconciliation account in company code 5000
    *Company code 5000 is not considered for the activation
    What does it means by these errors? How do i rectify this error?
    Thanking you in advance.
    Regards,
    Nazrul

    Hi,
    1. Executing report RFSEPA02 has a risk and also doubtful since it is not applicable in ECC 6.0 (New GL).
    2. Create a New G/L with Open item management and transfer the balance to the newly created G/L.
    Refer the earlier threads / replies else last option contact SAP (OSS).
    Regards,
    Shridhar

  • Parallel ledger - posting in one ledger only - Open Item managed account

    Hello all,
    We have a requirement which necessitates posting some entries in one ledger only for the purpose of complying with more than one GAAP. (US GAAP and local GAAP).  However we understand that such postings cannot be made to GL accounts which are open item managed.
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    Regards
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    Hi Sukumar,
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    Regards,
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  • Posting to G/L accounts with open item management are not permitted

    Hi all,
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    Kindly help, thanks

    Hi
    If you have balance in GL account you can't make it as "open item management"
    make zero balance
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    run RFSEPA02 in SE38
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  • Post open item management account into non-leading ledger independently

    I want to use FB50L to post an open item management account balance value into non-leading ledger, the system throws out an error.
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    Thank you!

    Hi,
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    on one specific non-ledger, this basic rule can't be fulfilled.
    It's same as trx. FB50L that doesn't allow Open item management account to be
    entered in case of ledger-specific posting.
    FAGL_POST_SERVICE012. This is justified because open items must be
    made valid for all ledgers in the client, and even if there's only one
    ledger (0L) in your case that this is also considered as 'ledger-
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    Please also check the SAP note:
    1239651 FAGL_FC_VALUATION: Posting with a ledger
    However you can apply SAP note 884639 to remove the ledger group from
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    is MODIFICATION and the coding could be overwritten by applying the
    support package or with upgrade.
    Thanks,
    Raviteja

  • How can we set a GL account with open item managed to normal once posted

    Hi All,
    How do we set a GL a/c which is an non Open Item managed  Nov 08. In Nov 08, user accidently changed the GL a/c to be  Open item management. This had caused:
    -      the Account being revaluated every month. We need to stop the revaluation
    -     also clear the amount in the revaluation a/c .
    Please suggest.
    Thanks for the help
    MercyRaj

    Hi,
    You need to settle the account to 0 (Zero) in order to change the configuration of it. You can make a fictitious posting, change the account configuration, and then reverse the posted document.
    You have to follow the following steps:
    1. Copy the ZRFSEPA02 to ZRFSEPA02
    2. Append the error check that is being written. (Initiation Check).Use of RFSEPA02 is not recommended by SAP. However, SAP Note 175960 details, on your risk, how to modify the program and use it.
    3. Block the GL Account for Posting
    4. Run the Program ZRFSEPA02 (which is modified)
    5. Note that this program will not work if your line item and open items balances are mistmatched.
    6. Unblock GL Account
    Thank You.
    Regards,
    AVD

  • Posting in Open item managed accounts in Non Leading ledger

    Hello,
    I would like to know how can we post into a open item managed G/L account in the non-leading ledger only.
    If it is not possible, then what could be the reason for the same?
    Regards,
    Sameer

    As per the New GL design it is not possible to post an entry specific to non lead ledger  to a GL which is open item managed. The reason is very clear. In non lead ledgers we do not do clearing we only do adjustments entries. Clearing can only be done in a lead ledger. Ask yourself about making a payment to a vendor from non lead ledger. It is not at all sensible.
    What you need to do to handle this scenario is to create a new GL (if it is a B/S account then mark it as line item managed and in the text you need to mention that this account is specific to non Lead ledger postings. There is no way in ECC 6.0 to flag a GL for non lead ledgers only. Once you create this account you can post an entry to this using T Code FB50L. From financials standpoint you can club this new GL in the same group or number range where you have the same account with open item managed checkbox.
    SAP is working to extend the clearing functionality to non lead ledgers but I am not sure which enhancement pack will have this feature. Till that time you need to follow the solution as described above.
    Hope this helps

  • Bank GL to be updated with open item management in GL master

    Dear Friends,
    As I have missed out to put the tick mark to manage the open items for one new GL code which was created for Bank, while doing the Bank reconciliation for this GL, System is giving a message as " There are no open items managed in the respective account ".
    As our users were updated some entries in this GL, I have reversed these entries and made it as ZERO balance.
    After these reversal, I went to change the GL status thro FS00 to meet the open items requirments but our SAP is not allowing to SAVE with this changes and it is showing error message as " Account balance = 0 but open items exist in the account" .
    In view of the above, we are unable to proceed for BRS and please note that even if I go to clear all these open items available in this GL thro F-03, it is not allowing to clear the same.
    If possible, please guide me immediately as it is my important issue.
    Thanks
    G. Jana

    Hi,
    It would be better instead of clearing manually clear with RFSEPA02 (Which is to activate open item management in middle correction has to take)
    Hope this will helpful to you.
    Thanks n regards,
    Veena

  • Activate Open Item Management for a tax GL account

    Hi experts
    I have tried different options and explored forums but haven't been able to find the solution as yet.
    I have some tax GL accounts (Tax Category field in their GL master is < or > i.e. Input or Output Tax Account). There have been postings to these accounts but these accounts are not open item managed. To perform clearing for these accounts, I need to activate OIM for which I'm trying FAGL_ACTIVATE_OP but the system gives me error"
    "Not possible to determine tax indicator in company code xxxx
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    Postings to the selected account require a tax code. On the basis of the company code data (T001), the system tried to determine a tax code for zero tax. However, there is no such tax code stored for the company code.
    Procedure
    Specify the tax code for zero tax in the company code. You do this in Customizing for Financial Accounting Global Settings (New) under Assign Tax Codes for Non-Taxable Transactions.
    I have checked settings in OBCL for Non-Taxable Transactions and found that I0 and O0 are maintained for Input and Output tax (also tax jurisdiction). In Table T001 I also find these entries so these seem to be complete.
    Can somebody please help me sorting out this issue.
    Many thanks!
    Moazzam

    Hi,
    Some G/L accounts cannot be managed on an open item basis,
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    Processes as the posting of the sales/purchases tax payable do not
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    on the actual open items (Customer or vendor). The only tax account on
    which the open item management should be possible is the G/L account of
    the deferred tax.
    Hope my information was helpful for you.
    Regards,
    Cristiano

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