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

SAP Term: correction management

• Component: FS-BA-SD

• Component Name: Source Data

• Description: An important function of the correction server. The correction management function records any changes to the values and settings of the entities of the main correction components, and keeps a log of references to corrected entities in other words, corrections that might become temporarily inconsistent as the result of a correction.

Smart SAP Assistant

• Key Concepts: 
  Correction management is a component of the SAP Financial Services – Bank Accounting – Source Data (FS-BA-SD) module. It is used to manage corrections to source data, such as bank statements, that have been imported into the SAP system. This includes the ability to identify and correct errors in the source data, as well as to track and report on corrections that have been made. 
  
  How to use it: 
  To use correction management, users must first import source data into the SAP system. Once the data has been imported, users can then use correction management to identify and correct any errors in the source data. This can be done manually or automatically, depending on the user’s preferences. Once corrections have been made, users can then track and report on them using correction management. 
  
  Tips & Tricks: 
  When using correction management, it is important to ensure that all corrections are properly documented and tracked. This will help ensure that any errors in the source data are identified and corrected quickly and accurately. Additionally, it is important to regularly review and update any corrections that have been made, as this will help ensure that the source data remains accurate and up-to-date. 
  
  Related Information: 
  For more information about correction management in SAP FS-BA-SD, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_FS-BA_SD/latest/en-US.