There are three kinds of data residing in any SAP system:
1. Table Data
2. Transaction Data
3. Master Data
Table Data refer to the customized information for a particular Client. This includes data like payment terms,
discounts, pricing, tolerance limits etc which you do not normally change on a day-o-day basis.
Transaction Data is the day-to-day recording of business information like purchase orders, sales returns, invoices, payments, collections etc. This includes both the system-generated (tax, discount etc automatically calculated by the system during document posting) as well as user-generated.
Master Data are the control information required to decide how transaction data gets posted to various accounts (like customers, vendors, GL etc). The master data are usually shared across modules (example: customer master records are common both to FI and SD in SAP) obviating the need for defining the same in various application areas. The master data remain in the system for fairly a long period.
In case GL Master Records, the data is created in two areas:
1. Chart of Accounts Area (common to all Company Codes: Chart oi accounts, GL account number, account name-short & long text, B/S or P&L indicator, account group etc)
2. Company Code Area (specific to that particular Company Code: Company Code, tax code, currency, open item management, line item display, sort key etc)
In case of Customer / Vendor Master Record, the data is created in two areas:
1. Client Specific (general data like account number, name, telephone, bank information etc which are common to all the Company Codes using this master)
2. Company Code Specific (valid only for the Company Code, this include: terms of payment, dunning procedure, reconciliation account, sort key, sales area, purchasing information etc)
1. Table Data
2. Transaction Data
3. Master Data
Table Data refer to the customized information for a particular Client. This includes data like payment terms,
discounts, pricing, tolerance limits etc which you do not normally change on a day-o-day basis.
Transaction Data is the day-to-day recording of business information like purchase orders, sales returns, invoices, payments, collections etc. This includes both the system-generated (tax, discount etc automatically calculated by the system during document posting) as well as user-generated.
Master Data are the control information required to decide how transaction data gets posted to various accounts (like customers, vendors, GL etc). The master data are usually shared across modules (example: customer master records are common both to FI and SD in SAP) obviating the need for defining the same in various application areas. The master data remain in the system for fairly a long period.
In case GL Master Records, the data is created in two areas:
1. Chart of Accounts Area (common to all Company Codes: Chart oi accounts, GL account number, account name-short & long text, B/S or P&L indicator, account group etc)
2. Company Code Area (specific to that particular Company Code: Company Code, tax code, currency, open item management, line item display, sort key etc)
In case of Customer / Vendor Master Record, the data is created in two areas:
1. Client Specific (general data like account number, name, telephone, bank information etc which are common to all the Company Codes using this master)
2. Company Code Specific (valid only for the Company Code, this include: terms of payment, dunning procedure, reconciliation account, sort key, sales area, purchasing information etc)
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