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Friends, earlier I discussed about Line item display flag in G/L account customizing. There is another flag called ‘Open item management’ just above Line item display in the customizing of G/L accounts. At times, this flag can be a a source of confusion in terms of what will happen if this flag is checked or unchecked.

Transaction to display G/L account’s customizing

FS03 is the transaction through which we can view the customizing settings of a G/L account. The ‘Control’ tab in FS03 will display the status of ‘Open item management’ flag. The screen shot is shot is shown below :

Transaction to display  Customer’s and Vendor’s account’s customizing

Similarly, transactions FD03 and FK03 are used to display the customizing of customer and vendor accounts. You can yourself try to find ‘Open item management’ flag in these in  transactions. Well, you will not be able to find the flag. Even I cannot find it. In fact no once can!!! Because the flag doesn’t exists for customers and vendors accounts . The catch is, customer and vendor accounts are Open item managed by default. Obviously because customers are your receivables and vendors are payables i.e you either have to pay (in case of customers) or receive(in case of vendors) and then perform clearing.

Effect of checking Line item display flag

If Open item management flag is checked for a particular G/L account then the line item containing that G/L account can be cleared. Remember that customer and vendor accounts are open item managed by default therefore customer and vendors line items are clearable by default.

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