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.

Blocking a Vendor Account in SAP

In accounts Payable ,We can block vendor account in three ways

• Blocking a Vendor Account Centrally
• Blocking a vendor Account for Posting
• Blocking a Vendor Account for payments

In SAP, we can block a vendor account for posting. Before marking vendor master data for deletion, we have to block the vendor master so that no body can post to it by mistake.


There are several fields  in Vendor block for Master Data available for us. You can set the blocks for

• Posting block for certain company code or all company code
• Purchasing block for certain purchasing org or all purchasing org.

Automatic Payment Program in SAP

SAP allows all the transactions made by a business to be recorded so as to use that information to make managerial decisions. Every business needs to make payments to its vendors, and also to its customers in case the goods have been returned for which the payment had been made earlier. It becomes difficult to track which payments are due to be made and then to process these payments manually.

Accounts Receivable and Accounts Payable:

Overview

The Accounts Payable application component records and administers accounting data for all vendors. It is also an integral part of the purchasing system, where deliveries and invoices are managed according to vendors. The system automatically makes postings in response to the operative transactions. In the same way, the system supplies the Cash Management application component with figures from invoices in order to optimize liquidity planning. 

Note On:SAP FI Accounts Receivable and Accounts Payable

SAP FI Accounts Receivable and Accounts Payable

 This SAP FI article is intended for SAP System Administrators, Finance and Controlling (FICO) developer and SAP technology Consultants.