What is journal account in SAP EPM-IC - SAP BusinessObjects Intercompany?

SAP Term: journal account

• Component: EPM-IC

• Component Name: SAP BusinessObjects Intercompany

• Description: A type of account which stores the differences between the first and last amounts entered for one or several child accounts. The differences can then be exported to the accounting system containing the original data.

Smart SAP Assistant

• Key Concepts: 
  A journal account is a type of account in the SAP BusinessObjects Intercompany (EPM-IC) component. It is used to record and track financial transactions between two or more companies. It is a type of ledger account that is used to record the movement of funds between companies. 
  
  How to use it: 
  Journal accounts are used to record and track financial transactions between two or more companies. When creating a journal entry, the user must specify the source and destination accounts, as well as the amount of money being transferred. The journal entry will then be posted to the journal account, which will be updated with the new information. 
  
  Tips & Tricks: 
  When creating a journal entry, it is important to ensure that all of the information is accurate and up-to-date. This will help ensure that all transactions are properly recorded and tracked. Additionally, it is important to keep track of all journal entries in order to ensure that all transactions are accounted for. 
  
  Related Information: 
  Journal accounts are closely related to other types of accounts in SAP BusinessObjects Intercompany, such as general ledger accounts and subledger accounts. Additionally, journal entries can be used to transfer funds between different currencies, which can be useful for international transactions.