What is fact in SAP IS-PS-CA - Public Sector Contract Accounts Receivable and Payable?

SAP Term: fact

• Component: IS-PS-CA

• Component Name: Public Sector Contract Accounts Receivable and Payable

• Description: Collection of time-dependent attributes that are necessary for tax calculations or tax management. The attributes are defined in Customizing and are assigned to a master data object when master data is maintained. In Public Sector Contract Accounting, facts are used for tax calculations and for evaluations at contract object level. You can use them to map tax cases with different assessment objects.

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• Key Concepts: 
  A fact in the context of SAP IS-PS-CA Public Sector Contract Accounts Receivable and Payable is a piece of information that is used to record and track financial transactions. Facts are used to record the details of a transaction, such as the date, amount, and type of transaction. Facts are also used to track the status of a transaction, such as whether it has been paid or not. 
  
  How to Use It: 
  Facts are used to record and track financial transactions in SAP IS-PS-CA Public Sector Contract Accounts Receivable and Payable. When creating a new transaction, users must enter the relevant facts associated with the transaction. This includes the date, amount, type of transaction, and any other relevant information. Once the facts have been entered, they can be used to track the status of the transaction. 
  
  Tips & Tricks: 
  When entering facts for a transaction in SAP IS-PS-CA Public Sector Contract Accounts Receivable and Payable, it is important to ensure that all relevant information is included. This will help ensure that the transaction can be tracked accurately and efficiently. Additionally, it is important to double check all facts before submitting them to ensure accuracy. 
  
  Related Information: 
  For more information on facts in SAP IS-PS-CA Public Sector Contract Accounts Receivable and Payable, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use facts in this system.