Vendor Master Data (SAP Library - FI Accounts Receivable and Accounts Payable)

Vendor Master Data

Business transactions are posted to accounts and managed using those accounts. You must create a master record for each account that you require. The master record controls how business transactions are recorded and processed by the system.

Specifications you make in master records are used:

As default values when you post items to the account. For example, the terms of payment you specify in the master record are defaulted for document entry.

For processing business transactions For instance, bank details and the payment methods (check or bank transfer, for example) are required for automatic payments.

For working with master records. You can prevent certain users from accessing an account by setting up authorization groups.

In addition, line item display and open item management are defined automatically for each vendor account.

This section explains the concept of vendor master data and describes how to create, display, change, block, and delete vendor master data.

For more information about system settings for creating vendor master records, see the Implementation Guide for Financial Accounting under Accounts Receivable and Accounts Payable.