Interim Account
Definition
A G/L account that the system needs for technical purposes to close the accounts in a given subclass (see Closing of Expense Accounts Report ).
Use
If, when you close the accounts in a subclass, the accounting document does not allow for enough line items, the system writes the document balance to this account. It then creates a new document, opening it with the balance from this account, and continues with the rest of the line items.
Example
It is month-end and you want to close the accounts in subclass 72, which contains over 1,000 accounts. The accounting document that you use only allows for 999 line items.
To close the subclass, you run the Closing of Expense Accounts report. The system creates a document for the closing postings. In this document, it creates separate line items for each of the first 998 accounts, which give a credit total of TRY 8,957,532,549. It then uses the last line item to debit of the same amount to the interim account that you have specified. This effectively transfers the balance to the interim account. The system now creates a second document, which it opens with a credit entry of TRY 8,957,532,549 to clear the interim account. It then continues with the rest of the accounts.