Note: Also G/L accounts. This accouts are the clearing account that is settelment one to one- Material procurement account, alse called GR/IR(good receive and invoice receive).
System will be documented automatically when good receiving. for example
Debit: Inventory
Credit: Material Procurement
Also system will be documented automatically when invoicing receiving for example
Debit: Material Procurement
Credit: Account Receivable
Material procurement account will be settlemented automatically, settled is called closed item, unsettled is called open item.
Open item: that means good or invoice doesn't receive, this is a risk point, all of the accounts need to be managed by settlement majority are clearing accounts. for example: Bank account in transit or some accounts relate to Claim and Debt accounts.(but doesn't use A/R or A/P account to manage), example: Long term Loan.
The subsidiary ledger of customer and vendor are managed by settlement.
Tcode: FS00
12010101: Material Sourcing-GR/IR
need to note that Field Status Group is DMMA, and Tax Type is Only input tax allowed.