What is line item in SAP FI - Financial Accounting?

SAP Term: line item

• Component: FI

• Component Name: Financial Accounting

• Description: The part of a document containing information on a single item. This information includes the: Amount Account number Whether the item is a debit or credit Additional information depending on the transaction to be posted.

Smart SAP Assistant

• Key Concepts: 
  A line item is a single entry in a financial document, such as an invoice or a bank statement. In SAP Financial Accounting (FI), line items are used to record and track financial transactions. Line items are typically associated with a specific account, such as an asset or liability account, and can be used to track the flow of money in and out of the organization. 
  
  How to use it: 
  In SAP FI, line items are used to record and track financial transactions. When creating a new line item, the user must enter the account number, date, amount, and description of the transaction. The user can also enter additional information such as the customer or vendor name, payment terms, and tax information. Once the line item is created, it can be viewed in the system's financial documents. 
  
  Tips & Tricks: 
  When creating a new line item in SAP FI, it is important to ensure that all required information is entered accurately. This will help ensure that the financial documents are accurate and up-to-date. Additionally, it is important to review all line items regularly to ensure that all transactions are properly recorded and tracked. 
  
  Related Information: 
  For more information on SAP FI line items, please refer to the SAP Help Portal or contact your local SAP support team. Additionally, there are many online resources available that provide detailed information on how to use SAP FI line items.