What is item type in SAP (FI-LOC - Localization)?

SAP Term: item type

• Component: FI-LOC

• Component Name: Localization

• Description: A subtype of financial report for the Magnetic Media reporting in Colombia. In Colombia, the term is known as "concepto".

Smart SAP Assistant

• Key Concepts: 
  Item type is a component of the FI-LOC Localization module in SAP. It is used to define the characteristics of an item, such as its type, size, and weight. It also helps to determine the cost of an item and how it should be handled in the system. 
  
  How to use it: 
  In order to use item type, you must first create an item type in the system. This can be done by going to the FI-LOC Localization module and selecting “Create Item Type”. From there, you will be able to enter the necessary information about the item type, such as its name, description, and other characteristics. Once you have saved the item type, it can then be used in other areas of the system. 
  
  Tips & Tricks: 
  When creating an item type, it is important to make sure that all of the information is accurate and up-to-date. This will help ensure that the item type is properly used in other areas of the system. Additionally, it is important to keep track of any changes that are made to an item type so that they can be easily accessed if needed. 
  
  Related Information: 
  For more information on item types and how they are used in SAP, please refer to the SAP Help documentation or contact your local SAP support team.