Vendor account groups

[Former Member]

What are the different account groups needs to be selected in case for Vendors

1. Import

2. Regular

also what is LIEF account grp.

Regards,

[Former Member · Accepted solution]

Hi,

That all depands upon the business requirements.

Normally we will have following accounts groups:

1.Domestic Vendor

2.Foreign Vendor

3.Inter company Vendor

4.Employee vendors.

5.One time vendor

OMSG is the transaction code, where we are configuring Vendor Account Groups.

Edited by: Manish Kumar Agarwal on Apr 16, 2009 1:13 PM

[former_member659143]

Hi,

There is no standard to have different account groups for Import and domestic vendors.But it is always better to have two different account groups which help in reconcillization.

There is one more option that you can have different number range for Import and domestic account groups.

Thanks,

AMIT

[Former Member]

Hi,

It is always better to have seprate Vendor Account Groups for Domestic / Import / Service vendor, so that you can assign specfic No range to it and easily identify the Type of vendor by Vendor Code itself.

Regards,

Vikas

[Former Member]

Hi

No different account grps required for Import and Domestic Vendors but u can maintain with different accnt grp for ur internal control.

LIEF is for creation of Vendor with External number assignment means u can assign ur own Vendor code if u create vendor with account Group LIEF wheras KRED if with Internal Number means system generated the Vendor Code.

Bets regards

Vineet Baweja