What is correction entity in SAP FS-BA-SD - Source Data?

SAP Term: correction entity

• Component: FS-BA-SD

• Component Name: Source Data

• Description: Object of a correction component. For example, financial transaction/instrument number 4711 is an entity of the correction component "Financial Transaction/Instrument," and a results record in counterpary risk is an entity of the correction component "Counterparty Risk."

Smart SAP Assistant

• Key Concepts: 
  Correction entities are used in the SAP FS-BA-SD Source Data component to store corrections to source data. Corrections can be made to any of the source data fields, such as customer, vendor, or material numbers. The correction entity stores the original source data and the corrected version, allowing for easy tracking and reporting of changes. 
  
  How to use it: 
  To use a correction entity, first create a new correction entity in the SAP system. Then, enter the original source data and the corrected version into the correction entity. Once saved, the correction entity will store both versions of the source data and can be used for tracking and reporting purposes. 
  
  Tips & Tricks: 
  When creating a new correction entity, make sure to enter all relevant information such as customer, vendor, or material numbers. This will ensure that all changes are tracked accurately and that reports are accurate. Additionally, it is important to regularly review and update existing correction entities to ensure that all changes are up-to-date. 
  
  Related Information: 
  For more information on correction entities in SAP FS-BA-SD Source Data, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed instructions on how to use correction entities in SAP FS-BA-SD Source Data.