What is 'customer' in SAP FI-AR - Accounts Receivable?

customer - Overview

• Component: FI-AR

• Component Name: Accounts Receivable

• Description: A business partner from whom receivables are due, for example for goods delivered, services performed, or rights transferred.

customer - Details

• 
  Key Concepts: 
  A customer in SAP FI-AR Accounts Receivable is an entity that purchases goods or services from a company. This customer can be an individual, a business, or any other type of organization. The customer is responsible for paying the company for the goods or services they have purchased. 
  
  How to use it: 
  In SAP FI-AR Accounts Receivable, customers are managed through the customer master data. This data includes information such as the customer’s name, address, contact information, payment terms, and credit limit. This data is used to create invoices and track payments from customers. 
  
  Tips & Tricks: 
  It is important to keep customer master data up-to-date in order to ensure accurate invoicing and payment tracking. Additionally, it is important to set up payment terms that are appropriate for each customer in order to ensure timely payments. 
  
  Related Information: 
  In SAP FI-AR Accounts Receivable, customers can also be grouped into customer groups for easier management. Additionally, customers can be assigned to sales areas in order to track sales performance by region or market segment.