What is the difference between master data and transaction data?

What is the difference between master and transaction data?

Transactional data relates to the transactions of the organization and includes data that is captured, for example, when a product is sold or purchased. Master data is referred to in different transactions, and examples are customer, product, or supplier data.

What is the difference between master and transaction table?

A transaction is an activity performed by entities(master tables) within the system. These activities are captured in transaction tables and usually, these transaction entries have foreign keys to master records. Transaction tables are designed to store events in the system.

What is master data and transaction data in SAP MM?

This data cannot be changed; this data is created in SAP as a result of a business user completing a business transaction such as creating a Purchase Order (MM), creating a Process Order (PP), creating a GL journal entry (FI) etc. This type of data can be reversed or cancelled but usually not changeable.

What is meant by transaction data?

Transactional data is information that is captured from transactions. It records the time of the transaction, the place where it occurred, the price points of the items bought, the payment method employed, discounts if any, and other quantities and qualities associated with the transaction.