What is planning level in SAP FI - Financial Accounting?

SAP Term: planning level

• Component: FI

• Component Name: Financial Accounting

• Description: A source of planning data. The planning level reflects typical financial transactions, for example: posting to a bank account posting to a clearing account Confirmed or unconfirmed payment notes This makes the display of the cash position and of the cash forecast clearer: the planning level explains the origin of the data and thus enables you to better estimate its reliability.

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• Key Concepts: 
  Planning level is a term used in SAP Financial Accounting (FI) to refer to the level of detail used when creating a financial plan. It can be used to define the granularity of the data that will be used in the plan, such as by cost center, profit center, or company code. It can also be used to define the time period for which the plan will be valid, such as monthly, quarterly, or yearly. 
  
  How to use it: 
  When creating a financial plan in SAP FI, the user must first define the planning level. This is done by selecting the appropriate granularity and time period for the data that will be used in the plan. Once this is done, the user can then enter the data into the plan and create a financial forecast. 
  
  Tips & Tricks: 
  When selecting a planning level for a financial plan, it is important to consider both the granularity and time period that will best suit your needs. For example, if you are creating a long-term financial forecast, you may want to use a yearly planning level rather than a monthly one. 
  
  Related Information: 
  For more information on planning levels in SAP FI, please refer to SAP Help documentation or contact your local SAP support team.