fico Clarifications Regarding Holding, Parking, Recurring, Documents

Parking Doc:

You can use document parking to enter and store (park) incomplete documents in the SAP System without carrying out extensive entry checks. Parked documents can be completed, checked, and then posted at a later date - if necessary by a different accounting clerk.

When documents are parked, data (for example, transaction figures) is not updated. The only exception to this is in Cash Management (TR-CM).

Holding Doc:

When you are entering data, you may be interrupted, or you may not have all the data you need for entering a document, for example bank charges or the appropriate cost center.

In this case, you can temporarily save the data you have entered, and then continue with the document entry at a later time. If you want the system to hold a document, it does not have to be complete. Account balances are not updated and the document data is not available for evaluation. A document number is not assigned.

Recurring are those which fall frequently e.g rent, insurance. While creating recurring document you need to mention whether it will fall monthly and so on.

Tips by: Vaibhav

Add on to what Mr Vaibhav has said:
Recurring Document is created when the date is fixed and the amount is fixed. Example rent, Hire purchase instaments etc.
Assigning batch input session name. When you process, say 1st of every month then all these entries will be posted automatically. To say each time you need not have to post it filling all the fields.

Parking of Document: If a junior accountant has been given the task of posting. He may make few mistakes and therefore to plug this pitfall,parking is required. The senior level manager can make the changes, correct it and then release it. Once the senior manager approves the updation takes place and untill then the records are not updated.

Hold Document: Temporary document.
Deletion is possible.
No record after deletion.