What is posting record in SAP FS-BA-PM-SFA - Smart Accounting for Financial Instruments?

SAP Term: posting record

• Component: FS-BA-PM-SFA

• Component Name: Smart Accounting for Financial Instruments

• Description: A combination of two subledger accounts with a specified posting direction debit Dr or credit Cr. For every posting record type, two posting records are created. &EXAMPLE&: The following posting records are assigned to posting record type 10001: 10001D: "Receivables/Payables Not Due" debit, "Receivables Due: Repayment" credit 10001C: "Receivables/Payables Not Due" credit, "Receivables Due: Repayment" debit

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• Key Concepts: 
  A posting record is a document used in SAP's Smart Accounting for Financial Instruments (FS-BA-PM-SFA) component. It is used to record the financial transactions of a company, such as payments, receipts, and transfers. It also contains information about the accounts involved in the transaction, such as the account number, the amount of money transferred, and the date of the transaction. 
  
  How to use it: 
  Posting records are created in SAP's Smart Accounting for Financial Instruments (FS-BA-PM-SFA) component. To create a posting record, you must first enter the details of the transaction into the system. This includes the account numbers involved in the transaction, the amount of money transferred, and the date of the transaction. Once all of this information has been entered, you can then create a posting record for the transaction. 
  
  Tips & Tricks: 
  When creating a posting record in SAP's Smart Accounting for Financial Instruments (FS-BA-PM-SFA) component, it is important to double check all of the information entered into the system. This includes making sure that all of the account numbers are correct and that all of the amounts are accurate. Additionally, it is important to make sure that all of the dates are correct so that there are no discrepancies between what is recorded in the system and what actually happened in real life. 
  
  Related Information: 
  Posting records are just one part of SAP's Smart Accounting for Financial Instruments (FS-BA-PM-SFA) component. Other features include account reconciliation, payment processing, and financial reporting. Additionally, SAP offers a variety of other components that can be used to manage financial transactions and accounts. These include SAP ERP Financials, SAP Business Suite, and SAP S/4HANA Finance.