SAP FICO Interview Question on account clearing & payment

                                                   

What is open line item management? What do you mean by clearing open line items?

Open item management means Pending Balances is to be paid or to be received.

Open line item: - That means BT is pending for clearing AP/AR etc.
Example:-

1. You enter the Invoice in Vendors A/c.

2. Vendor payment due date is Next month.

3. Invoice show it is open line item.

4. It is still open line item until you not clear the

Amount of against vendor invoice it show the open line item. Because you have to clear the invoice.

 

What is residual payment and part payment?

Partly payments are the payments that can be posted to an account without open items being cleared. Original open items (credit invoice amount) and partly payment remains in open item category.

But whereas residual item are the payments that can be posted to an account with open items being cleared. New open item is the result of difference between original open item and partly payment