What is reclassification in SAP SRD-FIN-ACC - FIN-Financial Accounting?

SAP Term: reclassification

• Component: SRD-FIN-ACC

• Component Name: FIN-Financial Accounting

• Description: The reposting of a transaction value from one type of account to another. Analysis of transactions often shows that a value has been incorrectly posted and that item must be reclassified.

Smart SAP Assistant

• Key Concepts: 
  Reclassification is a process in SAP Financial Accounting (FI) that allows users to change the account assignment of a document. This process is used to correct errors in the original account assignment or to adjust the account assignment to meet changing business requirements. Reclassification can be done manually or automatically. 
  
  How to use it: 
  To manually reclassify a document, users must first select the document they wish to reclassify. Then, they must enter the new account assignment and save the changes. To automatically reclassify documents, users must set up a reclassification rule in SAP. This rule will specify which documents should be reclassified and what the new account assignment should be. 
  
  Tips & Tricks: 
  When setting up a reclassification rule, it is important to ensure that the rule is specific enough to only affect the documents that need to be reclassified. If the rule is too broad, it may affect documents that should not be reclassified. 
  
  Related Information: 
  Reclassification is closely related to other processes in SAP Financial Accounting such as document splitting and document reversal. Document splitting allows users to split a single document into multiple documents with different account assignments. Document reversal allows users to reverse an existing document and create a new document with the opposite effect.