Vendor Master Payment Terms and Reconcillation account

[Former Member]

Pls tell me In SPRO where Payment Terms and Reconcillation account's are maintained for Vendormaster

[Former Member · Accepted solution]

HI Vinay,

Your question isn't clear. You want to define Payment terms and Reconciliation account for Vendor Master record ?

If this is correct then go through the below path for payment terms & Reconciliation Account.

MAINTAIN TERMS OF PAYMENT:

SPRO –> REF IMG –> Financial Accounting –> Accounts Receivable and Accounts Payable –> Business Transactions –> Incoming invoices/Credit memos –> Maintain terms of payment (or) OBB8

RECONCILIATION ACCOUNT

Accounting –> Financial Accounting –> General Ledger –> Master Records –> Individual processing –> Centrally (or) FS00

Enter G/L Account No. – XXXXXX

Company Code – AAAA and select CREATE button.

Under Type/Description tab

Account Group – LIABILITIES

• Balance sheet

Short text – A/P (or) SUNDRY CREDITORS A/C

G/L acct long text – A/P A/C

Under Control data tab

Account currency – INR

Reconciliation account for A/C type – Vendors

Under Create/bank/interest tab

Field status group – G067 and SAVE.

Rams.N

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