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

[Former Member]

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

[iklovski · Accepted solution]

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.

[Former Member · Accepted solution]

Dear Eli,

That was quite a lot helpful.

One more query when i selected 50 as FT for one of my commitment item no FM documents were created in background of a FI AP invoice, is this standard behaviour?

[iklovski · Accepted solution]

That's correct: 50 doesn't presume any FM document to be created. So, you should be careful with this parameter: lines with 50 should normally represent a 'dummy' commitment where you don't want any budgetary effect to take place.

[Former Member · Accepted solution]

Dear Eli,

Suppose if i dont want an FM document to be created nor the account assignment to be budgeted, i can use this parameter of the commitment item master data to achieve the same.

Regards,

Rohit

[iklovski · Accepted solution]

Correct.

[Former Member · Accepted solution]

Thanks a lot Eli.