What is one-time account in SAP FI - Financial Accounting?

SAP Term: one-time account

• Component: FI

• Component Name: Financial Accounting

• Description: An account on which the transaction figures are recorded for a group of customers or vendors that you only conduct business once, or rarely. One-time accounts require a special master record. Certain customer or vendor data such as address and bank details is not entered in the master record, but in the actual document.

Smart SAP Assistant

• Key Concepts: 
  A one-time account is a special type of account in SAP Financial Accounting (FI) that is used to record transactions that are not expected to occur again. It is used to record transactions that are not part of the normal business operations, such as one-time payments or settlements. 
  
  How to use it: 
  One-time accounts are used to record transactions that are not part of the normal business operations. To create a one-time account, go to the SAP Financial Accounting (FI) module and select the “Create One-Time Account” option. Enter the necessary information, such as the account name, description, and currency. Once the account is created, it can be used to record transactions. 
  
  Tips & Tricks: 
  When creating a one-time account, make sure to enter all necessary information accurately. This will ensure that the account is properly set up and can be used for recording transactions. Additionally, it is important to remember that one-time accounts are only meant for recording transactions that are not expected to occur again. 
  
  Related Information: 
  For more information on one-time accounts in SAP Financial Accounting (FI), please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to create and use one-time accounts in SAP FI.