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.
Is there any workaround for this? How do we get around this?
Regards
Sukumar

Hi Sukumar,
According to my understanding, directly postings to GLs is possible in case of 'Open Items Managed' GLs. To ensure parallel accounting with different GAAPs, you must have defined Leading & Non-leading Ledgers. You can pass entries directly to Non-Leading Ledgers to ensure compliance with the relevant A/cing stds.
Regards,
Amish.

Similar Messages

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.
I know it can not delete the sign ---open item.
Could anyone give some advice?
Thank you!

Hi,
Open item management account as an adjustment account.
By your description the adjustment account for GL account is the same
at Trx OBA1, so this is the reason for error message
FAGL_FC_VAL does not allow Open item management account as an adjustment account
in standard because normally there are more than one ledger set up,
and Open item management account must be valid for all ledgers (as the clearing can't be
carried out by ledger). If FAGL_FC_VAL allows this and made the posting
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-
specific' posting.
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
FAGL_FC_VAL posting, and this way the Open item management account can be
used as an adjustment account. However please note that SAP note 884639
is MODIFICATION and the coding could be overwritten by applying the
support package or with upgrade.
Thanks,
Raviteja

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

Fagl_fc_valu for open item managed accounts

Hi,
I have an open item managed account and I have activated the delta posting logic. In January, an entry was made and not cleared. The open item managed account was valuated at month end and an entry was posted to an adjustment account and unrealized gain.
With the delta logic, I have not adopted the monthly reversal.
Early in February, the item is cleared. The document created posts an amount to realized gain and an offset to the adjustment account.
At month end February, I run fagl_fc_valu and there are two entries created. Effectively, they reverse themselves with entries to the balance sheet adjustment account and the realized gain account.
First question, why do I get these two entries In the text description, one says RXDAdjustment Posting. The other says RXDTRAAdjustment Posting.
Second question, how do I get the January entry to unrealized gain to reverse. Will this need to be a manual entry or is there something with configuration that can fix this.
Thank you

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

Archiving documents having open item managed accounts

Hi All,
We have a requirment to archive accounting documents older than 2 years. I would like to know if it is possible to archive those accounting documents which have postings on open item managed accounts.
Example: If I have an accounting document for good reciept posting as stock account to GR/IR account. can we archive this document.
Thanks and Regards,
Satya

HI,
For Archiving must full fill creteria:
1.The docouments must no longer contain open items. The system takes into account only cleared items or those with out open item management.

Open item management accounts

Hi
can any one give me some example of GL accounts which will maintain open item management accounts other GR/IR and rent clearing accounts.
ramesh

Hi
All Sub ledgers are 'Open Item Management'.
Other than GR/IR, Rent clearing accounts.
We can use 'Provision for Outstanding Expenses' a/c as 'Open Item Management', where provisional expenses are booked and cleared upon receipt of actual invoices, like electricity,rent,telephone etc.
Laxmiprasad

Provision for Amortisation as open item management account??

Hi Friends,
related to previous question ..what about the Provisions accounts
for ex Provision for amortisation ..Pro.Gratuty ..Prov.Leave salary.
Provision for Interest Tax
Provision for Staff Remuneration A/c
Provision for Taxation
Provision for Wealth Tax
Deferred Tax Liability A/c.
Provision for DIVIDEND PAYABLE
Provision for DIVIDEND TAX PAYABLE
Provision for Interim Dividend A/c
Provision for Other Financial Liabilities
Provision for Other Payables
Provision for Proposed Dividend
Provision for Tax (MAT)
For all above accounts can we manage as OPEN ITEM managed accounts???
pls clarify me
regards,
shashi.

Hi,
Provision is expenses account, means it's P&L. so it's not advisable to use open item management due to:
Accounts that are managed on an open item basis:
Clearing accounts:
Bank clearing account
Payroll clearing account
Cash discount clearing account
GR/IR clearing account
Hope this will solve ur problem.
TQ
Regards,
Nazrul

TDS on Professional Fees as open item management account??

Hi,
Can we create all TDS Payable accounts as Open Item Managed ??
if we dont create it as open item managed accounts what couldbe the problm??
pls guide me?
shashi

Hello,
If you maintain TDS gl as open item management active
You can run J1INCHLN (remittance challan) in system itself. No need to pass any manual entries. For filling returns at month end it will be useful.
If you are not maintained open item management active system will allow to create remittance challan, bank challan update and TDS certificate print outs.
Regards,
sankar

Open item manage accounts clearing problem

Dear experts,
We have created some of the liability gl accounts master without open item management. After a period of time we have converted the gl accounts into open item management by executing the programme RFSEPA02. Now we are going to clear the old documents, which are posted before open item management conversion.
Now the problem we are facing is - document splitting for the old document.
Kindly send your openions to clear the old documents or again we are ready to convert the open item management to non-open item management for the GL accounts. How to do it.
BSR

butter to search for OSS note or write service market place

Data in BSIS/BSAS for a non-open item managed account

Hi
We have a GL account (Bank account) which does not have open item management checked in its master data,
Still I can find line items for this account in table BSIS / BSAS
How is this possible ? and if an account is not open item managed, how do the records move from BSIS to BSAS ?
Regards
Sachin

Non Open Item Account should have entries only in Table BSIS and no entries in BSAS. Check if there was OpenItem mgmt earlier but deactivated later.

To switch on open item management account

Hi all expert,
What is the correct way of enable 'open item management' flag for GL account with posted entries? I try to duplicate program RFSEPA02 into ZFSEPA02 and execute it, but this program prompt me 'Line item total does not tally with account balance.'
I have checked using FBL3N and FS10N to confirm that line item total is tally with account balance.
How to turn on open item management flag and change all existing line item to open item?
Thank you.

you have copy RFSEPA02 to Z... and comment the following lines:
CALL FUNCTION 'POPUP_DISPLAY_TEXT'
       EXPORTING
            POPUP_TITLE    = ' '
            TEXT_OBJECT    = 'RFSEPA02'
       EXCEPTIONS
            TEXT_NOT_FOUND = 1
            OTHERS         = 2.
LEAVE PROGRAM.
(right after INITIALIZATION)

Reset of clearing documents with open items managed accounts

Hi,
I posted OI clearing document in Nov 2013 and had to reset it in March 2014. This rest impact my 2013 balances. Does anyone know why this document has been reset with old period? thank you

Hi Sevinj,
if document got cleared with some fx difference yes there will be impact if it's cleared without any fx diff there will not any impact in books.
T-code FBRA.
Regards,
Raman

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.
Please help... how to go about it?
- 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

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

Hi SAP Gurus,
I am having a problem when do a clearing for GL account due to "open item management" check box in Txn FS00 is not activated and only "Line Item Display" is activated. For your info, there are line items already posted and now we want this GL as an "Open Item Management". We are using ECC 6.0.
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

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.

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

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