What is offsetting item type in SAP FS-BA-SD - Source Data?

SAP Term: offsetting item type

• Component: FS-BA-SD

• Component Name: Source Data

• Description: Item type that used for a reversal by value in the source data aggregation function.

Smart SAP Assistant

• Key Concepts: 
  Offsetting item type is a feature of the SAP Financial Services – Bank Accounting – Special Purpose Ledger (FS-BA-SD) component. It is used to define the type of offsetting entry that is created when a payment is made or received. Offsetting item types are used to ensure that the correct offsetting entry is created for each payment transaction. 
  
  How to use it: 
  Offsetting item types are used to define the type of offsetting entry that is created when a payment is made or received. The offsetting item type can be set up in the SAP system by going to the FS-BA-SD component and selecting the “Offsetting Item Type” option. Once selected, a list of available offsetting item types will be displayed. The user can then select the appropriate offsetting item type for each payment transaction. 
  
  Tips & Tricks: 
  It is important to ensure that the correct offsetting item type is selected for each payment transaction. This will ensure that the correct offsetting entry is created and that all payments are properly accounted for. Additionally, it is important to keep track of all offsetting item types that have been set up in the system, as this will help to ensure that all payments are properly accounted for. 
  
  Related Information: 
  For more information on setting up and using offsetting item types in SAP FS-BA-SD, please refer to the SAP Help documentation or contact your local SAP support team.