What is document principle in SAP FI - Financial Accounting?

SAP Term: document principle

• Component: FI

• Component Name: Financial Accounting

• Description: A principle according to which postings are always stored in document form that is, "no posting without document". The document remains as a complete unit and can be displayed at any time until it is archived.

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• Key Concepts: 
  The document principle in SAP FI Financial Accounting is a fundamental concept that helps to ensure the accuracy and integrity of financial data. It states that each transaction must be recorded in the system as a separate document, with its own unique number. This ensures that all transactions are tracked and accounted for, and that any changes or corrections can be easily identified.
  
  How to use it: 
  The document principle is used in SAP FI Financial Accounting to ensure that all transactions are properly recorded and tracked. When entering a transaction into the system, it must be assigned a unique document number. This number is used to identify the transaction and track any changes or corrections that may need to be made.
  
  Tips & Tricks: 
  When entering a transaction into SAP FI Financial Accounting, it is important to make sure that the document number is correct and unique. This will help ensure that all transactions are properly tracked and accounted for. Additionally, it is important to double-check the accuracy of the data entered into the system before saving the document.
  
  Related Information: 
  The document principle is just one of many concepts used in SAP FI Financial Accounting. Other concepts include double-entry bookkeeping, chart of accounts, and financial statements. Understanding these concepts can help ensure accurate and reliable financial data in SAP FI Financial Accounting.