What is LIEF in Vendor Master record ?

[Former Member]

What is LIEF in Vendor Master record ?

Edited by: Jeyakanthan A on Jun 3, 2011 11:56 AM

[JL23]

LIEF is a german abriviation for Lieferant which means vendor (from purchaing point of view)

KRED is a german abriviation for Kreditor which means creditor (more a financial point of view)

[Former Member]

Hi,

LIEF means Vendor Account Group for External number range assignment. Suppose your company decided external number range for vendor at present you have to copy from the LIEF account group to your company vendor account group Z001 for Domestic Vendor and then assign external number range for that account group.

Hope, are you know about LIEF.

Regards,

K.Rajendran

[Former Member]

LIEF is an account group to be used with vendor masters with external number ranges. KRED is for internal.

[former_member213836]

LIEF is one of the Account Group in vendor master.

For vendor master Account group controls

1. Number Range Assignment

2. Allowed Partner Roles

3. Field Status

4. One Time Vendor

5. Data retention levels