Open Item Accounting in General Ledger

Use General Ledger open item accounting to:

• Create one or more open item accounts to track numerous open items.

• Reconcile open item balances either by using the Open Item page or by using the PS/GL Open Item Reconciliation (GL_OI_RECON) Application Engine process.

• Display open item balances for each open item account online in the Open Item Status page.

• Generate reports on each open item's status and transaction detail.