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Module 4 PowerPoint Presentation

Module 4

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Module 4

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  1. Module 4 Vendor Master Data

  2. Payment Terms Vendor Master Data Purchasing MasterRecords Accounting MasterRecords Vendor Master Data • Master records must be created for every vendor • Contains centralized data for both MM (Materials Management) and FI (Financial Accounting) • Vendor master data can be entered from MM or FI modules, or centrally • Vendor Master Data is pulled from database when creating Purchase Orders

  3. Vendor Master Data • General Data: • Client-level data: Applies to all company codes and purchasing organizations • Name, address, phone numbers, language • Company code data • Accounting data: Currency used, payment terms, reconciliation account (a vendor is a creditor of the enterprise) • Purchasing data • Data important for purchasing (contact persons, delivery terms) • Maintained at purchasing organization level

  4. Partner Roles • In the procurement process, there may be different business partners for different roles in the transaction. These partner roles are defined in vendor master data Invoice Presented By Ordering Address Vendor Payment Received By Goods Supplier