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why some liability account created without selecting open item management in FS00

jithendrashiva
Participant
0 Kudos

Hi Experts

Why are some of Liability account belongs to balance sheet is created without selecting option open item management?

Regards

Jithendra Shivashankar

Accepted Solutions (0)

Answers (3)

Answers (3)

Bohdan
Active Contributor

Hi jithendrashiva,

I fully agree with the comment from sanil0309, but would like to add the following: if the liability account is not managed as a reconciliation GL account (i.e. is not used in the vendor / customer master data), you are free to define it with or without open items management. OIM is a recommended, but not a required approach. Eventually, during the design of chart of the accounts, the business is making a decision whether or not they need OIM for specific GL accounts.

Regards,

Bohdan

sanilbhandari
Product and Topic Expert
Product and Topic Expert

Hi

You already get the details of open items on the subledger account, so it is not required to have recon accounts as open item managed.

Thanks & Regards

Sanil Bhandari

jithendrashiva
Participant
0 Kudos

Hi Experts

Thanks for your valuable inputs.

Regards

Jithendra Shivashankar