What is document type in SAP FI-LC - Consolidation?

SAP Term: document type

• Component: FI-LC

• Component Name: Consolidation

• Description: A type used to assign specific attributes to consolidation entries, in particular when updating the database, handling deferred income taxes and processing currencies. You can use consolidation task-specific document types that can be employed in the reports and validations.

Smart SAP Assistant

• Key Concepts: 
  Document type is a classification of documents in SAP Financial Accounting (FI) and Logistics Controlling (LC) Consolidation. It is used to differentiate between different types of documents, such as invoices, orders, and payments. Document types are assigned to each document when it is created and can be used to filter documents for reporting purposes. 
  
  How to use it: 
  Document types are assigned to documents when they are created in SAP FI-LC Consolidation. This can be done manually or automatically depending on the document type. Once the document type has been assigned, it can be used to filter documents for reporting purposes. 
  
  Tips & Tricks: 
  When creating documents in SAP FI-LC Consolidation, it is important to assign the correct document type to ensure that the document can be filtered correctly for reporting purposes. It is also important to ensure that all documents have a unique document type so that they can be easily identified and tracked. 
  
  Related Information: 
  For more information on document types in SAP FI-LC Consolidation, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use document types in SAP FI-LC Consolidation.