Update Control: Financial Transaction and Value Type

The financial transaction is a control parameter which forms part of a commitment item master record. It plays a central role in the transfer of data from Funds Management feeder systems to Funds Management, and in earmarked fund posting in Funds Management. It is the financial transaction which determines whether a posting is updated.

The rule is that only line items containing a commitment item with financial transaction 30 are updated. Using the item category control parameter, which is also defined in the commitment item master record, the system recognizes whether the posting is a revenue (item category 2) or expenditure (item category 3).

Various commitment items are addressed in Financial Accounting postings. The commitment items with other financial transactions (not 30), 40, 60 and 90, control with which value type a posting is recorded and under which business transaction it is displayed in the information system. It is vital that you specify commitment items with the correct financial transactions when posting. Above all, that means that, for example you must assign the correct commitment items to the G/L accounts. An example of a correct assignment can be found under Example: G/L Account Commitment Item Assignment .

Two items are recorded when the transfer is made, because both document line items contain a commitment item with financial transaction 30.

Down payments (financial transaction 30 and down payment using the special general ledger) are updated using financial transaction 61. Down payment requests with value type 58.

For more information on value types in Funds Management, read Value Types .

Payments are not updated online. Instead, you can use the payment selection program RFFMS200 to copy them into Funds Management and display them in the information system. For more information, see Payment Selection .