A Guide to Create Vendor Master Data in SAP

A Guide to Create Vendor Master Data in SAP

SAP is a critical tool in the making of Vendor Master Data. It provides all the supplies and materials required to build the Vendor Master Data. SAP is exceedingly useful in this, companies that know how to harness its resources to make a Vendor Master Data use it to deliver comprehensive Vendor Master Data creation services that meet all requirements. What’s more, the process of building it on SAP is extremely easy and simple. It can be carried out in just a few steps. If you are on-board, let’s learn how to make Vendor Master Data using SAP. Here is a step-by-step tutorial of building Vendor Master Data on SAP. 

Start by entering the transaction code in the command panel in SAP. The transaction code for this particular command is FK01.

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Now on the initial screen, you will see a bunch of options. There, select Account Group and in the space that appears, enter the code of the company for which you are building the vendor.

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Next you will need the vendor id that is unique to your company to feed into the Account Group. civil and structural engineering design services

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While you do that, do not enter anything in the Vendor field. The system will generate a number for that after the data has been saved.

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Here is an optional step that you may or may not choose to do going forward. In the Vendor field, you will see a category where you can enter the Vendor reference. This you need to do only when the details are somewhat matching with the new Vendor.

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Under Company Code, you may put the company code of the particular vendor. Now hit enter.

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In the third step, you move to another screen which is the Address tab. Here you are required to put the Vendor name, a search term that can be used to look up the ID of the particular vendor, the street name, premise number, postal code, city and country, in other words the full address.

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Moving on to the next tab which is the Account Control page. Here you will need to fill up the Corporate Group category provided the vendor is part of a certain corporate group.

Enter the concerned key.

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After that, go to the Account Management Section and here you will need to fill the Reconciliation Account and the Cash Management Group fields.

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Once that’s done, you will be directed to the Payment Accounting page where you will have to fill up the Payment Terms.

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When that is done, hit Save from the toolbar above. Now take a quick look at the Status Bar. You will see a Confirmation for the successful creation of the Vendor Master.

That’s how you easily you can build a Vendor Master Data on SAP. Aside from building services engineering companies the Vendor, you can also display changes on it using SAP. The instructions for that are just as simple and easy to follow as those above. So now that you have the instructions, get hands-on with SAP or hire a Vendor Master Creation service for your company.