What is ID transaction in SAP FI - Financial Accounting?

SAP Term: ID transaction

• Component: FI

• Component Name: Financial Accounting

• Description: A business transaction, in South Korea, where you sell a product to a customer that is not yet in possession of a VAT registration number and is conducting its business provisionally under the business representative's social ID. When you prepare the VAT summary report for the National Tax Service, these transactions are categorized as such on the return.

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• Key Concepts: 
  ID transaction is a type of transaction in SAP Financial Accounting (FI) that is used to identify and document the movement of goods and services. It is used to record the flow of goods and services from one party to another, and can be used to track the movement of goods and services within an organization. 
  
  How to use it: 
  ID transactions are used to document the movement of goods and services from one party to another. They are typically used to track the movement of goods and services within an organization, such as when goods are transferred from one department to another or when services are provided by one department to another. ID transactions can also be used to document the transfer of goods and services between two different organizations. 
  
  Tips & Tricks: 
  When creating an ID transaction, it is important to ensure that all relevant information is included in the transaction, such as the date, description, quantity, and value of the goods or services being transferred. Additionally, it is important to ensure that all parties involved in the transaction are accurately identified. 
  
  Related Information: 
  ID transactions are closely related to other types of transactions in SAP Financial Accounting (FI), such as journal entries, payment requests, and invoices. Additionally, ID transactions can be used in conjunction with other SAP modules, such as Materials Management (MM) and Sales & Distribution (SD).