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

SAP Term: passive account

• Component: FS-LOC-RU

• Component Name: Localization of Banking in Russia

• Description: A synthetic account or multidigit account for which only a credit balance is possible at the end of the day. An example of a passive account is a time deposit account.

Smart SAP Assistant

• Key Concepts: 
  A passive account is a type of account in the FS-LOC-RU Localization of Banking in Russia component of SAP. It is a non-operating account that is used to store funds and does not have any transactions associated with it. The funds stored in the passive account are not used for any business operations and are not subject to any taxes or other regulations. 
  
  How to use it: 
  The passive account can be used to store funds that are not needed for immediate use. This allows businesses to keep their funds safe and secure without having to worry about taxes or other regulations. The funds can then be used when needed, without having to worry about any additional paperwork or fees. 
  
  Tips & Tricks: 
  When setting up a passive account, it is important to ensure that the funds are kept secure and that the account is properly managed. It is also important to ensure that the funds are not used for any business operations, as this could lead to additional taxes or other regulations. 
  
  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 set up and manage a passive account in SAP.