What is a semantic tag? in detail

[nithin_pranesh]

Dear Experts, I'm trying to understand what a semantic tag is, but I can't understand it.

[rachel_xiao]

Hello @nithin_pranesh, Per understanding, you may want to know the link between semantic tags and project related apps? There are some apps are designed to show data based on semantic tags. For example, Project Cost Report / Project Budget Report / Project Profitability, etc. These apps use semantic tags. For more information, see KBA 2799100 - Fiori app 'Project Cost Report' / 'Project Budget Report' shows zero costs.
https://launchpad.support.sap.com/#/notes/2799100
In a word, Apps such as Project Cost Report will only show costs posted to G/L Accounts which are mapped to the cost relevant items(assigned to a semantic tag) of a Financial Statement Version (FSV) YPS2, you need to make sure the precondition is set up correctly, thus the cost could be shown normally, for detailed steps, you can refer the attachment of KBA 2799100. Hope above information is helpful. Thanks & Best regards, Rachel

[Jeremy_Deo]

Hello dear user,

There's another answer I brought for the same stream topic.

Here's the link below :

https://community.sap.com/t5/financial-management-q-a/about-semantic-tags/qaq-p/14097151#M250966

But otherwise, there is no other answer I can bring at this point.

I hope this helps.

Best regards,

Jeremy

[nithin_pranesh]

I can partially understand, but the thing is I can't really visualize what you are trying to say. and one more thing what is the integration with semantic tag and Project systems

[Jeremy_Deo]

Dear user,

I’ll try to rephrase what’s it’s been written in the SAP Help documentation and bring some extra explanations which, I hope, will be clearer for you.

Semantic tags are basically a way to tell SAP what each part of your Financial Statement Version (FSV) actually means in business terms. You’re saying:
“This section is revenue,” or “That account is for fixed assets,” regardless of your local account structure or naming.

They're especially useful when you're working with SAP Analytics Cloud (SAC) or Group Reporting because those tools need a consistent way to understand financial data and they rely on these tags to do that.

They don’t change your data. They don’t trigger postings.
All they do is label accounts or FSV nodes with standard business meanings so SAP knows how to treat them behind the scenes.

For example:

- You assign FPA1_REVENUE to your sales accounts.

- You assign FPA1_COGS to your cost of sales accounts.

- When SAC or Group Reporting pulls data, they know which accounts to use in the income statement.

Without semantic tags, SAP wouldn’t know that your account 400000 means “Revenue” — and your data wouldn’t show up correctly in planning models, reports, or consolidation views.

I hope those elements will help you understand more about semantic tags.

Best regards,

Jeremy

[nithin_pranesh]

@Jermey_Deo I have doubt, when i create a project without assigning the particular GL in a sematic tag, the planning is not coming

[Jeremy_Deo]

Hello dear user,

And thank you for asking your question in the SAP COmmunity blog.

You can find some documentation on the Help SAP right below :

Semantic tags

I hope this will help you understand more the use of semantic tags.

Best regards,

Jeremy

[nithin_pranesh]

I found this before, Can't really understand the functionality, is there anyother resource?