What is the main difference between master data and transaction data?

What is the difference between master data 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 transactional data in SAP?

master data :data which is seldomly changed. example is data which is there in address like name ,address and telephone number. transaction data : this data will change frequently .example is goods in ware house data which change after every purchase order.

What is the difference between master data and reference data?

Master Data: The information that you share across your enterprise to analyze and drive business processes for operational efficiency. Reference Data: Stable and widely used data that categorizes master data and correlates it with external data standards.