What is 'transaction type' in SAP FIN-FSCM-TRM-TM - Transaction Manager?

transaction type - Overview

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: The determination of how a product type can be traded such as purchase or sale. The transaction type also controls the activities in the transaction and position management process.

transaction type - Details

• 
  Key Concepts: 
  Transaction type is a feature of the SAP Transaction Manager component of the Financial Supply Chain Management (FSCM) module. It is used to define the characteristics of a transaction, such as the type of document, the account assignment, and the posting rules. It also determines which fields are mandatory for a transaction and which are optional. 
  
  How to use it: 
  Transaction types are used to define the characteristics of a transaction in SAP. To create a new transaction type, go to the Transaction Manager component in the FSCM module and select “Create Transaction Type” from the menu. Enter the required information, such as the document type, account assignment, and posting rules. Once you have saved your changes, you can assign this transaction type to any transactions that you create in SAP. 
  
  Tips & Tricks: 
  When creating a new transaction type, make sure to enter all of the required information accurately. This will ensure that all transactions created with this transaction type will be processed correctly. Additionally, it is important to remember that any changes made to an existing transaction type will affect all transactions that use that type. 
  
  Related Information: 
  For more information on how to use transaction types in SAP, please refer to the official SAP documentation on Transaction Manager. Additionally, there are many online tutorials and videos available that provide step-by-step