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What is the relevance of Financial trans. in Commitment item Master data

Dear Experts,

Please can you let me know what is the relevance of Financial transaction (FT) type i.e. 30 = Post revenue, expense, asset, inventory, stock, 40 = PGI & Goods issue, 50 = clearing, 60 = Receivables and payables from Goods & services in the commitment item master data.

Also do this FT are any how linked to FI or MM. if yes how. i tried to search on SCN but i was a bit confused so posting this query.

Links:- Fields in Commitment Item Master Record - Master Data - SAP Library, Update Control: Financial Transaction and Value Type - Funds Management - SAP Library, Value Types - Funds Management - SAP Library

In short does this FT help in deriving the Value type and later the value types help in deriving the business transaction type?

Regards,

Rohit

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  • Best Answer
    Posted on Jul 11, 2016 at 07:40 AM

    Hi,

    Consult this OSS note:

    1466979 - FM Financial transactions to be used in FI line items

    Regards,

    Eli

    P.S. Value type is not derived by a commitment financial transaction. Value type represents internal coding for document flow, where each logistical and/or financial document has its own value, e.g. 54 - invoices, 51 - purchase order, etc.

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