What is open item in sap FI (or) what are cleared
items in SAP FI?
Open items are unfinished transactions, such as an
invoice for which goods or services have not yet been received.
In order for an open item transaction to be considered
complete, the transaction must be cleared. A transaction is considered cleared
when an offset value is posted to it, so that the resulting balance of the
items is zero.
For example:
When we posted two invoices to the vendor account.
These invoices are treated as the open items because at this point the
corresponding payment has not been received.
The payment is received and the invoices are set off
against open items. So the open items are called as cleared items. The
transaction is now cleared and the resulting balance is zero.
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