Show TOC

Function documentationInterim Accounts Locate this document in the navigation structure

 

An interim account is an account used to temporarily hold a transaction before it is transferred to a permanent account. It is common business practice to use an interim account when a business transaction is split into two steps due to timing of the activity.

In SAP Business One, a number of interim accounts are used to record an interim financial position until the close of a set of transactions. For auditing purposes, these interim accounts are automatically reconciled. They are as follows:

Note Note

SAP Business One lets you view a backdated breakdown of the transactions which make up the value of the interim accounts. To do this, use the general ledger report with the Consider Reconciliation Date checkbox selected.

For more information, see General Ledger.

End of the note.