What is item type in SAP (FS-AM-IM-IT - Payment Items)?

SAP Term: item type

• Component: FS-AM-IM-IT

• Component Name: Payment Items

• Description: Type of payment item, for example, recipient item, ordering party item, clearing item or turnover item.

Smart SAP Assistant

• Key Concepts: 
  Item type is a component of the FS-AM-IM-IT Payment Items module in SAP. It is used to define the characteristics of an item, such as its type, description, and account assignment. It also determines the processing rules for the item. 
  
  How to use it: 
  To use item type, you must first define the characteristics of the item in the system. This includes setting up the item type, description, and account assignment. Once these are set up, you can then assign processing rules to the item type. This will determine how the item is processed in SAP. 
  
  Tips & Tricks: 
  When setting up an item type, it is important to ensure that all of the necessary information is included. This includes the description, account assignment, and processing rules. Additionally, it is important to ensure that all of this information is accurate and up-to-date. 
  
  Related Information: 
  For more information on item types in SAP, 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 item types in SAP.