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What Is The ‘trading Partner’ Concept? |
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Answer» The ‘Trading Partner’ concept is USED to settle and RECONCILE ‘inter-company transactions,’ both sales and purchases. This is generally ACHIEVED by entering the Company-ID (not the Company Code) to which a customer belongs in the ‘trading partner’ field under the tab ‘Account Control’ in the customer master record. You can do a SIMILAR entry in the vendor master record. The ‘Trading Partner’ concept is used to settle and reconcile ‘inter-company transactions,’ both sales and purchases. This is generally achieved by entering the Company-ID (not the Company Code) to which a customer belongs in the ‘trading partner’ field under the tab ‘Account Control’ in the customer master record. You can do a similar entry in the vendor master record. |
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