Open Item Accounting
The topics in this section provide background information about open-item accounting.
Note:
This section is only relevant for some organizations. The system configuration requirements described in this section
are only relevant if your organization practices open-item accounting.
If your organization practices balance-forward accounting, you need
only indicate such on your customer
classes; no other setup is required. Refer to Open Item Versus Balance Forward Accounting for more information
about these two accounting practices.
Related Topics:
Parent Topic: Defining Financial Transaction Options