There are two primary types of data in SAP:
• Master data is data that is constant over a long period of time. Examples include vendors, banks, cost centers, G/L accounts and funds.
• Transaction data creates a document. Transactions consist of tasks such as processing incoming invoices and payments.
A third type of data, reporting data, exists. Reporting data are a combination of transactional and master data and are used to create summarized reporting data.