Transaction type(tfgld0511m000)-

A user-defined three-position code used to identify documents. The series linked to the transaction type give documents the sequence number. You enter transactions based on transaction types. The transaction types are grouped by transaction category. To define which sessions are used to create a transaction, use the Main Session field and the Next Session field in the Transaction Types (tfgld0511m000) session. Financials is supplied with a session for every type of transaction. However, you can copy an existing standard session to another session (in Tools), adjust its design and link your customized session to the transaction type.

Depending on the value entered in the Transaction Category field, you can select these standard sessions:

1.       Journal Vouchers

2.       Sales Invoices and Sales Credit Notes

3.       Sales Corrections

4.       Purchase Invoices and Purchase Credit Notes

5.       Purchase Corrections

6.       Opening Balances

7.       Cash

Financial business-partner group (tfacr0110m000/tfacp0110m000)-

A group of business partners with common characteristics, for which you can define the creditors' account or the debtors’' account and a set of additional control accounts such as control accounts for doubtful invoices, advance and anticipated payments or receipts, and realized and unrealized currency profit or loss. LN automatically uses these control accounts in business processes such as sales invoice registration, and the payment process.