What is internal account in SAP FS-LOC-RU - Localization of Banking in Russia?

SAP Term: internal account

• Component: FS-LOC-RU

• Component Name: Localization of Banking in Russia

• Description: A type of account used by banks internally for analytical purposes. Internal accounts are common for the whole bank and are not linked to any customer contracts. The accounts are used for income and expense accounting, cash, and interbranch settlement accounts.

Smart SAP Assistant

• Key Concepts: 
  Internal account is a type of account in the FS-LOC-RU Localization of Banking in Russia component of SAP. It is used to store and manage financial transactions within an organization. It is also used to track the movement of funds between different accounts within the organization. 
  
  How to use it: 
  The internal account can be used to record and track financial transactions within an organization. It can be used to transfer funds between different accounts, such as from a customer account to a vendor account. It can also be used to track the movement of funds between different departments or locations within the organization. 
  
  Tips & Tricks: 
  When setting up an internal account, it is important to ensure that all transactions are properly recorded and tracked. This will help ensure that all financial transactions are accounted for and that any discrepancies can be quickly identified and addressed. 
  
  Related Information: 
  For more information on the FS-LOC-RU Localization of Banking in Russia component of SAP, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use this component of SAP.