What is item summarization field in SAP (FS-CD - Collections/Disbursements)?

SAP Term: item summarization field

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: A criterion to determine which open items can be grouped into one item in the payment plan function. If the open items match in regard to the values for the fields that correspond to the criteria due date or business partner, for example, they can be grouped.

Smart SAP Assistant

• Key Concepts: 
  The item summarization field in SAP FS-CD Collections/Disbursements is a field used to group items together for reporting and analysis purposes. It allows users to assign a single value to multiple items, which can then be used to summarize the data in reports. For example, a user could assign all items related to a particular customer to the same summarization field, allowing them to quickly and easily generate reports on that customer's activity. 
  
  How to use it: 
  The item summarization field can be found in the item details screen of SAP FS-CD Collections/Disbursements. To assign a summarization field to an item, simply select the desired value from the drop-down list. Once assigned, the summarization field will be used for all subsequent reports and analyses related to that item. 
  
  Tips & Tricks: 
  When assigning summarization fields, it is important to ensure that all items related to a particular topic are assigned the same value. This will ensure that all related items are grouped together when generating reports and analyses. Additionally, it is important to ensure that the values assigned are meaningful and easy to understand, as this will make it easier for users to interpret the data in reports. 
  
  Related Information: 
  For more information on using the item summarization field in SAP FS-CD Collections/Disbursements, please refer to the official SAP documentation. Additionally, there are many online resources available which provide detailed tutorials and best practices for using this feature.