What is financial document type in SAP SD-FT - Foreign Trade?

SAP Term: financial document type

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A type of financial document, for example, a letter of credit.

Smart SAP Assistant

• Key Concepts: 
  Financial document type is a component of SAP SD-FT Foreign Trade. It is used to classify financial documents in the system. It is used to differentiate between different types of documents such as invoices, credit memos, and debit memos. 
  
  How to use it: 
  Financial document types are used to control the flow of documents in the system. They are used to determine which documents can be processed and which cannot. They also help to ensure that all documents are properly accounted for and tracked. 
  
  Tips & Tricks: 
  When setting up financial document types, it is important to ensure that all documents are properly classified and that the correct document type is assigned to each document. This will help to ensure that all documents are properly accounted for and tracked. 
  
  Related Information: 
  Financial document types are closely related to other components of SAP SD-FT Foreign Trade such as pricing, taxes, and payment terms. It is important to understand how these components interact with each other in order to ensure that all documents are properly accounted for and tracked.