What is reference item in SAP FI-CA - Contract Accounts Receivable and Payable?

SAP Term: reference item

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: A line item containing all the data required for posting for a business partner, with the exception of the posting date and due date. The SAP system creates the repetition items using the reference item and the repetition details assigned to it.

Smart SAP Assistant

• Key Concepts: 
  Reference item is a feature in the FI-CA Contract Accounts Receivable and Payable component of SAP that allows users to assign a reference number to an invoice or payment. This reference number can be used to track the invoice or payment and can be used for reporting purposes. 
  
  How to use it: 
  To use the reference item feature, users must first create a reference item in the system. This can be done by entering the reference number into the system and assigning it to an invoice or payment. Once the reference item is created, it can be used to track the invoice or payment and can be used for reporting purposes. 
  
  Tips & Tricks: 
  It is important to ensure that the reference item is unique and not shared with any other invoices or payments. This will help ensure that the reference item is properly tracked and reported on. Additionally, it is important to keep track of all reference items in order to ensure accuracy when reporting on them. 
  
  Related Information: 
  Reference items are also used in other components of SAP such as Materials Management, Sales and Distribution, and Human Resources. Additionally, there are various reports available in SAP that allow users to view information related to reference items.