What is active account in SAP FI - Financial Accounting?

SAP Term: active account

• Component: FI

• Component Name: Financial Accounting

• Description: A credit account with Orbian. It is used to post: Incoming Orbian Credits, which a company has received from its customers for payment Outgoing Orbian Credits, which a company has used to pay its vendors Any applicable fees and charges associated with an Orbian transaction Every Orbian Member has at least one active account per currency with Orbian.

Smart SAP Assistant

• Key Concepts: 
  An active account is an account in the SAP Financial Accounting (FI) module that is used to record and track financial transactions. It is a type of master data that is used to store information about a company’s financial activities. Active accounts are used to record and track all financial transactions, including sales, purchases, payments, and receipts. 
  
  How to use it: 
  Active accounts are created in the SAP FI module and can be used to record and track all financial transactions. The active account can be used to store information about a company’s financial activities, such as sales, purchases, payments, and receipts. The active account can also be used to generate reports and analyze financial data. 
  
  Tips & Tricks: 
  When creating an active account in SAP FI, it is important to ensure that the account is properly configured and that all necessary information is entered correctly. It is also important to ensure that the active account is properly linked to other accounts in the system so that all financial transactions are accurately recorded and tracked. 
  
  Related Information: 
  Active accounts are just one type of master data in SAP FI. Other types of master data include customer master records, vendor master records, and material master records. All of these types of master data are used to store information about a company’s financial activities.