What is value type in SAP PSM-FM - Funds Management?

SAP Term: value type

• Component: PSM-FM

• Component Name: Funds Management

• Description: A technical attribute classifying individual document types and budget categories. The value type is used in the following ways: To control the transfer of posting data from other components into As a selection criterion in reporting

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• Key Concepts: 
  Value type is a characteristic of a Funds Management (FM) account that determines the type of values that can be posted to it. It is used to control the posting of values to an FM account and to determine the type of values that can be posted. Value types are used in Funds Management to differentiate between different types of postings, such as budget, commitment, and actual postings.
  
  How to use it: 
  Value types are used in Funds Management to control the posting of values to an FM account. When creating an FM account, a value type must be specified. This value type will determine the type of values that can be posted to the account. For example, if a budget value type is specified, only budget postings can be made to the account.
  
  Tips & Tricks: 
  When creating an FM account, it is important to select the appropriate value type for the account. This will ensure that only the correct type of postings can be made to the account. Additionally, it is important to note that some value types may require additional information or settings in order for them to be used correctly.
  
  Related Information: 
  For more information on value types in Funds Management, please refer to SAP Help documentation or contact your local SAP support team.