What are the noted items..How can we create? what are the advantages of Noted Items?

Noted Items (e.g., a down payment request) are postings that are intended to serve as reminders of outstanding payments due or to be made.  They are not displayed in the financial statements
this will contain only a debit or credit since there is no updating of accounting entries, the system will allow you to go a head with the posting of these items
a noted item is a special gl transaction ment for informational purposes.
it reminds user groups of potential payments and creates a one sided entry.
it will not update the gl a/c 
other advantage of noted items are access to transactions from APP and Dunning programs