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What Is Open Line Item Management? What Do You Mean By Clearing Open Line Items? |
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Answer» Open item management is further reconciliation function. OIM allows you to display the open and CLEARED items and amounts in an account. OIM should be used if an OFFSETTING ENTRY is made for every line item posted in the account. The a/c is reconciled and cleared against another account. Ex. Salary CLEARING account and GR/IR Clearing account. Open item management is further reconciliation function. OIM allows you to display the open and cleared items and amounts in an account. OIM should be used if an offsetting entry is made for every line item posted in the account. The a/c is reconciled and cleared against another account. Ex. Salary clearing account and GR/IR Clearing account. |
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