What is variant in SAP FI - Financial Accounting?

SAP Term: variant

• Component: FI

• Component Name: Financial Accounting

• Description: Summary of all settings for performing a business-based and consistent profitability analysis. The following settings are made in the variant: Selection of required characteristics Selection of required basic key figures Definition of calculated key figures such as those for contribution margins

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• Key Concepts: 
  Variants are templates used in SAP Financial Accounting (FI) to store and reuse settings for transactions. Variants can be used to store settings for transactions such as document types, field values, and default values. This allows users to quickly and easily enter data into transactions without having to manually enter the same information each time.
  
  How to use it: 
  Variants can be created in SAP FI by going to the transaction code SHD0. From there, users can select the transaction type they want to create a variant for and enter the desired settings. Once the variant is saved, it can be used in any transaction of that type. 
  
  Tips & Tricks: 
  When creating variants, it is important to give them descriptive names so that they can be easily identified later on. Additionally, users should make sure that all of the settings are correct before saving the variant, as any mistakes will be applied to all transactions using that variant. 
  
  Related Information: 
  For more information on variants in SAP FI, please refer to the SAP Help Portal at https://help.sap.com/viewer/product/SAP_FI/2020_05_500/en-US.