Vendor Master and Customer Master for FI AP/AR

[Former Member]

hi FICO Gurus,

I am Sapna here and I have questions regarding the Mandatory fields for Vendor Master and Customer Master which would be mandatory for Running FI AP and AR. I am basically a MM Consultant but I have been asked to perform this role of Master Data at my current client.

I am quite familiar with the fact that these feilds are based on the needs of the bussiness and can be configured in IMG as required/optional or suppressed or diaplsy only.

What I am looking is

1. Are there any fileds list which is <b>Mandatory</b> for running FI AP/AR in global financial implemntation.

2. Also from FI Perspective what is <b>Good to have/Recommended fields</b> in Vendor Master and Cusotmer Master for Global Finacial implemtation.

Your help is greatly appreciated. Please point me in right direction...

[Former Member]

Can SD person reply to this regardng Customer Master mandatory fields

[Former Member]

OK all implementations are different so the client should have some imput here.

However you need to make sure certain address details are mandatory such as name, post code street and city.

You may always want an e mail address or phone number.

All AR & AP customer/ Vendors will need a recon account, so it is important there is one set up, but you also need to make sure in change mode this cannot be changed.

For Vendors you will require some kind of bank details and payment method.

For Customers if Dunning is being used you may need the Dunning Procedure and Accounting Clerk.

Also for a Customer there is the Sales Org view, and it is best to contact the SD consultant to see which fields are required here. The tax code, payment terms are normally mandatory.

For the Purchasing Org, I guess you would know about this...

Hope this helps.

Award points if useful.

[Former Member]

Thanks Mark for the Response.

[Former Member]

Account receivables:

Trading partner for the group company

Recon account (mandatory)

Terms of payment

Payment history recor (if credit management is active)

Tolerance group( optional)

Dunning procedure if the customer is subject to Dunning

Previous account number (optional)

[Former Member]

> hi FICO Gurus,

> I am Sapna here and I have questions regarding the

> Mandatory fields for Vendor Master and Customer

> Master which would be mandatory for Running FI AP and

> AR. I am basically a MM Consultant but I have been

> asked to perform this role of Master Data at my

> current client.

<b>GOOD TO HAVE only FI side</b>

<b>1For the gorup company maintain trading partner

2 Bank details

3 Recon account ( mandatory)

4 If the vendor /custom er is subject to with holding tax maintain tax code

5 Payment terms

6 Payment mehtods</b>> I am quite familiar with the fact that these feilds

> are based on the needs of the bussiness and can be

> configured in IMG as required/optional or suppressed

> or diaplsy only.

>

> What I am looking is

>

> 1. Are there any fileds list which is

> <b>Mandatory</b> for running FI AP/AR in global

> financial implemntation.

>

> 2. Also from FI Perspective what is <b>Good to

> have/Recommended fields</b> in Vendor Master and

> Cusotmer Master for Global Finacial implemtation.

>

> Your help is greatly appreciated. Please point me in

> right direction...

[Former Member]

I assume that as u are a MM consultant you are more interest in FI related data than the common one like address, telephone number etc.

[Former Member]

Hi Kamal,

thanks for the repsonse. Yes I am defienately intrested in fields related to FI.

Project is really in the early stages but I just wanted to have big picture from FI AP/AR perspective to make sure I don't want to miss anything.

Thanks . I have already assigned points to you.