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Defining Bank Transaction Codes. Transaction codes represent the various bank transactions you will use in the Accounts Payable and Accounts Receivable applications. You define transaction codes for types of payments, such as checks or bills of exchange, or for bank services, such as deposits or service charges.
What is transaction-code, role and user master record in SAP ? LETS MAKE IT EASY TO UNDERSTAND. TRANSACTION CODE : In SAP a transaction code is a string or a set of characters and numbers for example PFCG/SUIM/SU01. As name suggest, we can divide the name into two parts to understand it well.