What is passive account in SAP SBO - SAP Business One?

SAP Term: passive account

• Component: SBO

• Component Name: SAP Business One

• Description: A bank account in which no transactions have taken place, neither deposits nor withdrawals, for a specified period of time normally six months.

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• Key Concepts: 
  A passive account is a type of account in SAP Business One (SBO) that is used to record transactions that do not affect the balance sheet. This type of account is typically used for non-cash transactions, such as depreciation or amortization. 
  
  How to use it: 
  Passive accounts are used to record transactions that do not affect the balance sheet. These accounts are typically used for non-cash transactions, such as depreciation or amortization. To create a passive account, go to the “Accounts” tab in SBO and select “Create New Account”. Select “Passive Account” from the drop-down menu and enter the necessary information. 
  
  Tips & Tricks: 
  When creating a passive account, make sure to enter all relevant information, such as the account name and description. This will help you easily identify the account when reviewing your financial statements. Additionally, it is important to note that passive accounts are not included in the balance sheet and should not be used for cash transactions. 
  
  Related Information: 
  For more information on passive accounts in SBO, please refer to the official SAP Business One documentation. Additionally, you can find helpful tutorials and videos on YouTube and other online resources.