From the course: SAP S/4 HANA Financial Accounting Overview

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Accounts Payable: Business partner concepts

Accounts Payable: Business partner concepts - SAP ERP Tutorial

From the course: SAP S/4 HANA Financial Accounting Overview

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Accounts Payable: Business partner concepts

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- [Narrator] In terms of the vendor master record of the supply master in S/4 there's a new concept called the Business Partner. And this is how SAP centrally manages Business Partners in S/4. Business partners can have multiple roles depending on your business relationship with the partner. So you might have a general relationship with the business partner, or they may be a customer or a vendor or both. You can choose to share the same Business Partner number or you can use different account numbers for customer and vendor subledger. So your Business Partners share general data, for instance, like the name and address, they can be the same. Or you can have role specific data, for instance, payment terms, tax codes, etc. The use of Business Partners is mandatory in S/4. This was optional in older versions. Let's look at an example. So come the vendor or the supply perspective. Whenever you want to create a Vendor Master record or a Supplier, this is actually the result of a Supplier…

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