What is Orbian Active Account in SAP FI - Financial Accounting?

SAP Term: Orbian Active Account

• Component: FI

• Component Name: Financial Accounting

• Description: A G/L account that is required in the books of a company when it processes incoming and outgoing payments with Orbian Credits. The Orbian Active Account is used to mirror the active account with Orbian in the SAP system.

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• Key Concepts: 
  Orbian Active Account Component is a feature of SAP Financial Accounting (FI) that allows users to manage their accounts in real-time. It provides a comprehensive view of all accounts, including current and future transactions, and allows users to quickly identify and address any discrepancies. It also provides an automated reconciliation process to ensure accuracy and compliance with accounting standards. 
  
  How to use it: 
  To use the Orbian Active Account Component, users must first log into their SAP system. Once logged in, they can access the component from the main menu. From there, they can view all accounts and transactions, as well as set up automated reconciliation processes. They can also set up alerts for any discrepancies or changes in account balances. 
  
  Tips & Tricks: 
  When using the Orbian Active Account Component, it is important to regularly review all accounts and transactions to ensure accuracy and compliance with accounting standards. Additionally, users should take advantage of the automated reconciliation process to quickly identify and address any discrepancies. 
  
  Related Information: 
  For more information on the Orbian Active Account Component, please refer to the SAP Help Portal or contact your local SAP representative.