What is interim account in SAP FI - Financial Accounting?

SAP Term: interim account

• Component: FI

• Component Name: Financial Accounting

• Description: A general ledger account to which incoming payments are posted if a contract account can not be determined.

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• Key Concepts: 
  Interim accounts are temporary accounts used in the SAP Financial Accounting (FI) module to store data temporarily. They are used to store data that is not yet ready to be posted to the general ledger. Interim accounts are used to store data from different areas of the system, such as cost centers, orders, and projects. 
  
  How to use it: 
  Interim accounts can be used in a variety of ways. For example, they can be used to store data from cost centers, orders, and projects before it is posted to the general ledger. They can also be used to store data from different areas of the system before it is posted to the general ledger. Additionally, interim accounts can be used to store data from different areas of the system before it is posted to the general ledger. 
  
  Tips & Tricks: 
  When using interim accounts, it is important to ensure that all data is accurate and up-to-date. Additionally, it is important to ensure that all transactions are properly recorded in the interim account before they are posted to the general ledger. 
  
  Related Information: 
  For more information on interim accounts and how they are used in SAP Financial Accounting (FI), please refer to SAP Help documentation or contact your local SAP support team.