What is semantic tag in SAP FI - Financial Accounting?

SAP Term: semantic tag

• Component: FI

• Component Name: Financial Accounting

• Description: Element that assigns a meaning to a group of G/L accounts and/or functional areas. Semantic tags are attached to individual G/L accounts and functional areas, or to financial statement items. They can be used to calculate KPIs. Example: Cost of Sales

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• Key Concepts: 
  Semantic tags are a feature of SAP Financial Accounting (FI) that allow users to assign keywords to documents and transactions. This allows for easier searching and categorization of documents and transactions. Semantic tags can be used to group documents and transactions into categories, such as “invoices” or “expenses”. 
  
  How to use it: 
  To use semantic tags, users must first create the tags in the system. This can be done by going to the “Semantic Tags” tab in the FI module. Once the tags have been created, they can be assigned to documents and transactions by selecting the appropriate tag from a drop-down menu. 
  
  Tips & Tricks: 
  When creating semantic tags, it is important to make sure that they are descriptive and easy to understand. This will make it easier for users to find the documents and transactions they are looking for. It is also important to keep the number of tags to a minimum, as too many tags can make it difficult to find what you are looking for. 
  
  Related Information: 
  For more information on semantic tags in SAP FI, please refer to the SAP Help documentation.