What is 'primary business transaction' in SAP FS-BA-PM-AFP - Accounting for Financial Products?

primary business transaction - Overview

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: External or internal business transaction that describes the transaction in question in generic terms.

primary business transaction - Details

• 
  Key Concepts: 
  Primary business transactions are the core activities of a business that are recorded in the SAP system. In the FS-BA-PM-AFP Accounting for Financial Products component, primary business transactions are used to record and process financial products such as loans, mortgages, and investments. 
  
  How to use it: 
  Primary business transactions can be used to record and process financial products in the SAP system. This includes creating new financial products, entering data related to the product, and processing payments related to the product. The primary business transaction also allows users to view and analyze data related to the product. 
  
  Tips & Tricks: 
  When entering data related to a financial product, it is important to ensure that all information is accurate and up-to-date. This will help ensure that the primary business transaction is processed correctly and efficiently. 
  
  Related Information: 
  For more information on primary business transactions in the FS-BA-PM-AFP Accounting for Financial Products component, please refer to the SAP Help documentation.