Vendor Master Data 

Definition

The central store of information about a vendor. For generic information about the vendor master, see Vendor Master Data.

To access the vendor master, on the SAP Easy Access screen, choose Accounting ® Financial Accounting ® Accounts Payable ® Master Records ® ….

Use

You maintain vendor master data following the standard procedure. In addition, on the following screens, you enter data specific to South Korea:

·        Control data

·        Withholding tax data

Since companies in South Korea register with more than one district tax office for VAT purposes, you create a separate master record for each of their VAT registrations.