External Transactions

Definition

External transactions (also known as business transaction codes) are bank-specific codes for business transactions, each of which involves a different type of payment.

Use

The external transaction code is issued by banks in the electronic account statement. The SAP system requires this code in order to identify the business transaction. It converts the bank-defined codes into its own system-internal transaction codes (known as posting rules), which in turn trigger certain specific posting transactions in the system.

Example

Examples of bank-defined external transactions are:

- 020 Transfer order

- 051 Transfer credit memo

- 052 Recurring entry credit memo

- 072 Bill of exchange presentation

- 206 Foreign bank transfer

For more information, see Posting Rules .