What is product type group in SAP FS-BA-PM-AFP - Accounting for Financial Products?

SAP Term: product type group

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: Characteristic for the generation of document structures in the merge scenario of Bank Analyzer. To post accounting documents in a specific accounting system, a product type group is assigned to an accounting variant. The accounting variant, in turn, is assigned to an accounting system.

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• Key Concepts: 
  Product type group is a component of the SAP Financial Services – Banking and Payments (FS-BA-PM-AFP) module. It is used to define the characteristics of a product type, such as its purpose, its accounting rules, and its payment methods. It also allows for the creation of product types that are specific to a particular customer or organization. 
  
  How to use it: 
  Product type groups are used to define the characteristics of a product type. This includes the purpose of the product, its accounting rules, and its payment methods. The product type group also allows for the creation of product types that are specific to a particular customer or organization. 
  
  Tips & Tricks: 
  When creating a product type group, it is important to consider the purpose of the product and how it will be used by customers or organizations. Additionally, it is important to consider the accounting rules and payment methods associated with the product type group. 
  
  Related Information: 
  For more information on product type groups in SAP Financial Services – Banking and Payments (FS-BA-PM-AFP), please refer to the SAP Help Portal or contact your local SAP representative.