Vendor Creation

MM - Vendor Creation

Definition:-

Every vendor is identified with the code in SAP. It is called Vendor master record. Vendor master record contains details of

• Address
• Payment terms
• Delivery terms
• Lead time to supply
• GL Account for reconciliation

Each vendor record will be created at company code and purchase organization level. Normally vendor master contains the details of both accounts related and also purely purchasing related, hence it is created in consultation with FI team.

Menu Path:-
Logistics -> Materials Management -> Purchasing -> Master Data -> Vendor -> Central -> XK01 Create

Maintain Vendor code number, company code, Purchase organization and account group

Click OK (tick) button

MaintainMaintain

Note: - Click to enter more lines in the address

Maintain

Maintain
Click

Nothing specific to be maintained in this screen

Click

Maintain the payment related details.

Click
Maintain the reconciliation account. E.g. 160000
Note: - these entries maintained in consultation with accounts.

Click OK (tick) button

Maintain more FI related information here.

Dunning data are maintained here.

Maintain order currency, terms of payment, Incoterms
Maintain schema group vendor – to determine the right pricing procedure.
Maintain the control data

Click OK (tick) button

Click Save.