| # Financial business-partner data The financial data of your business partners is defined in the financial companies, or in the companies of type Both, in your multicompany environment. The financial data is defined for one or more of these business partner roles: Invoice-to business partner Pay-by business partner Invoice-from business partner Pay-to business partner For example, the financial data includes these details: Currency and the exchange rate type Invoicing method Credit control details Bank relation and bank account number Payment terms Financial business partner group for Accounts Payable or Accounts Receivable Other business partner financial data consists of composed invoice balances, open invoice balances, and aging summaries. Order balances are stored by sales office or purchase office, and invoice balances are stored by accounting office. Default financial business-partner data You must supply default business partner financial details, which are not linked to a specific financial company. LN uses the default details for the financial companies for which you do not define specific details. To define the default business partner financial details, you can work in any financial company, or a company of type Both, in your multicompany structure. The default data is specified when you define the first instance of a financial business-partner role. When defining the first instance of a role, you cannot specify a department. Thus the data applies to all departments of all the companies in your multicompany structure, unless data is specified for a specific department. See To define business partner financial details by financial company. Business-partner data by financial company In a multifinancial company structure, business partners’ 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. LN uses the financial company's accounting office to link the specific financial business partner details to the financial company. A financial company's accounting office is defined in the Finance Company Parameters (tfgld0503m000) session of the financial company. To specify the financial business partner data for a specific financial company, or a company of type Both, you must work in this company. To indicate that the financial data applies to this company, you must select the company's accounting office. See To define business partner financial details by financial company. Specific data by department Within a financial company, for each business-partner role the financial data can vary for specific departments. For example, a company has sales offices in Germany and in the United Kingdom, which both conduct business with the same business partner. In the different countries, you can then use a different default currency and different invoicing methods for the business partner. Note When defining financial business-partner data, these rules apply: You can specify a business partner's credit limit as part of the default financial data for all departments of all companies of your company structure, or by financial company. See The business partner's credit limit. You cannot enter the financial data in a logistic company, because in a logistic company, the tables for the financial data do not exist. You must change to one of the financial companies, or a company of type Both, of the multicompany structure to specify the financial business partner data. Related topics To define business partner financial details by financial company The business partner's credit limit Business partners To use an accounting office |