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

[jithendrashiva]

Hi Experts

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

Regards

Jithendra Shivashankar

[Bohdan]

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]

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]

Hi Experts

Thanks for your valuable inputs.

Regards

Jithendra Shivashankar