What is paired accounts in SAP FS-LOC-RU - Localization of Banking in Russia?

SAP Term: paired accounts

• Component: FS-LOC-RU

• Component Name: Localization of Banking in Russia

• Description: Accounts that comprise an active and a passive account. Paired accounts exist because of the following rules in accounting: On a passive account, a debit balance at the end of the day is not allowed. On an active account, a credit balance at the end of the day is not allowed. At the end of the day, only one of the accounts in the pair can have a balance other than zero.

Smart SAP Assistant

• Key Concepts: 
  Paired accounts are a feature of the FS-LOC-RU Localization of Banking in Russia component of SAP. This feature allows users to create two accounts for each transaction, one for the debit and one for the credit. This helps to ensure that all transactions are properly recorded and accounted for. 
  
  How to use it: 
  To use paired accounts, users must first create two accounts for each transaction. The first account is used to record the debit amount, while the second account is used to record the credit amount. Once both accounts have been created, users can then enter the transaction details into the system. 
  
  Tips & Tricks: 
  When creating paired accounts, it is important to ensure that both accounts are properly linked and that all transaction details are accurately entered. Additionally, it is important to keep track of all transactions and ensure that all accounts are properly balanced. 
  
  Related Information: 
  For more information on paired accounts and other features of the FS-LOC-RU Localization of Banking in Russia component of SAP, please refer to the official SAP documentation.