What is open item in gl reconciliation
This query is : Resolved
26 September 2016
hello all
please tell me the definition of open item in GL recon's with a example and how to resolve open item in recon's.
please tell me the definition of open item in GL recon's with a example and how to resolve open item in recon's.
Amol S Joglekar
(Expert)
26 September 2016
The item which is not in a position to get KNOCKED off is regarded as open item.
In banking industry, the examples of reconciliation items are many
draft paid without advice, bills sent for collection not yet collected, inter branch transfers etc
In banking industry, the examples of reconciliation items are many
draft paid without advice, bills sent for collection not yet collected, inter branch transfers etc
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