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

customer master record - Overview

• Component: FI-AR

• Component Name: Accounts Receivable

• Description: A data record that contains all the information about a business partner that you need to conduct business transactions. This includes information such as the address and bank details.

customer master record - Details

• 
  Key Concepts: 
  A customer master record is a collection of data in the FI-AR Accounts Receivable component of SAP that stores information about a customer. This includes the customer’s name, address, contact information, payment terms, and credit limit. The customer master record is used to track customer transactions and manage customer accounts. 
  
  How to use it: 
  The customer master record is used to store and manage customer information in SAP. It can be accessed through the FI-AR Accounts Receivable component of SAP. Once the customer master record is created, it can be used to track customer transactions and manage customer accounts. 
  
  Tips & Tricks: 
  It is important to keep the customer master record up-to-date with accurate information. This will ensure that all customer transactions are tracked accurately and that customers are billed correctly. 
  
  Related Information: 
  The customer master record is related to other components of SAP such as FI-AP Accounts Payable and SD Sales & Distribution. It is also related to other processes such as invoicing, billing, and payment processing.