What is sort version in SAP FI-AA - Asset Accounting?

SAP Term: sort version

• Component: FI-AA

• Component Name: Asset Accounting

• Description: A means of defining groups and group totals in asset reports. All fields of the asset master record can be used as group or sort criteria or both for defining a sort version. You enter the sort version key when starting a report.

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• Key Concepts: 
  Sort version is a feature in SAP FI-AA Asset Accounting that allows users to group assets according to their characteristics. This feature is useful for sorting and analyzing assets in order to make informed decisions about asset management. Sort versions can be used to group assets by location, asset type, or any other criteria that is important for asset management. 
  
  How to use it: 
  To use the sort version feature, users must first create a sort version in the system. This can be done by going to the Asset Accounting menu and selecting “Create Sort Version”. Once the sort version has been created, users can assign assets to the sort version by selecting the “Assign Assets” option from the Asset Accounting menu. 
  
  Tips & Tricks: 
  When creating a sort version, it is important to consider how the assets will be grouped and what criteria will be used for sorting. This will help ensure that the sort version is effective and useful for asset management. Additionally, it is important to keep the sort version up-to-date by regularly reviewing and updating it as needed. 
  
  Related Information: 
  For more information on using sort versions in SAP FI-AA Asset Accounting, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.