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

SAP Term: synthetic account

• Component: FS-LOC-RU

• Component Name: Localization of Banking in Russia

• Description: A 5-digit G/L account in the chart of accounts issued by the Central Bank of Russia. The synthetic account is included in the first five digits of a multidigit account number. For banks, the term 'synthetic account' is a synonym for a second-level account.

Smart SAP Assistant

• Key Concepts: 
  A synthetic account is a type of account used in the FS-LOC-RU Localization of Banking in Russia component of SAP. It is a virtual account that is used to combine multiple accounts into one, allowing for easier tracking and management of financial transactions. 
  
  How to use it: 
  Synthetic accounts are used to simplify the process of tracking and managing financial transactions. They are created by combining multiple accounts into one, allowing for easier access to information and more efficient management of finances. 
  
  Tips & Tricks: 
  When creating a synthetic account, it is important to ensure that all the accounts being combined are compatible with each other. This will ensure that the information is accurately tracked and managed. Additionally, it is important to keep track of the different accounts that are being combined into the synthetic account, as this will make it easier to access the information when needed. 
  
  Related Information: 
  For more information on synthetic accounts and how they can be used in SAP, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are many online resources available that provide detailed information on how to use synthetic accounts in SAP.