| Business partner data by financial company |  |
| If you define a business partner, you define financial data in the following roles: Invoice-to Pay-by Invoice-from Pay-to For example, the financial data includes: The currency and the exchange rate type. The invoicing method. The credit control details. The bank relation and bank account number. The terms of payment The financial business partner group for Accounts Payable or Accounts Receivable Other business partner financial data consists of the open billing request amount, the open invoice balance, and aging summaries which ERP LN stores separately for each sales office or purchase office. In a multifinancial company structure, the business partner’s financial data can vary by financial company. The financial data can vary, for example, in a single logistic, multifinancial company structure in which the financial companies reside in different countries. For example, in various countries the business partner can use different invoicing methods, and different bank relations. In such a situation, you can define the business partner’s financial roles separately for each financial company. ERP LN uses the financial company's accounting office to link the specific financial business partner details to the financial company. Business partner data by financial company If you define business partner data by financial company, the following rules apply: You must supply default business partner financial details, which are not linked to a specific financial company. ERP LN uses the default details for the financial companies for which you do not define specific details. ERP LN cannot register the business partner’s credit limit by department. The credit limit is part of the default business partner data. In a company of type Both, you can enter the financial business partner data without changing companies. To enter the financial business partner data for a company of the type Financial, you must work in the financial company. For the business partner department, you must select the financial company's accounting office. If you define the business partners in a company of the type Logistic, you cannot enter the default financial data in the logistic company, because in a logistic company, the tables for the financial data do not exist. You must change to the financial group company of the multicompany structure to enter the default financial business partner data. Default business partner financial data The first time when you define a business partner's role, you define the default business partner financial data. For the default data, the Department field must be empty. You can only change the default data in the role definition with an empty Department field. Related topics Business partners To define business partner financial details by financial company To use an accounting office The business partner's credit limit |