Account Group and Cash Mgmnt group in vendor
What the purpose of the "account group" and " Cash mgmnt group " when I create a Vendor using XK01.
Account group is basicaly use for segregarion of vendors based on their relation with Business. It is a purely business decission for easy and user freindly reports of and control of vendors.
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In cash management, customers and vendors are allocated to planning groups by means of an entry made in the master record.
R1 Customers paying by bank collection
R2 Other domestic customers
R3 Customers abroad
R4 Affiliated company customers
R5 High risk customers
R6 Major customers
R7 Rental income
R8 Repayment of loans
E1 Domestic vendors
E2 Vendors abroad
E3 Affiliated company vendors
E4 Major vendors
E5 Personnel costs
Hope this info will helpful for you.