What is 'vendor operation' in SAP FI-AR - Accounts Receivable?

vendor operation - Overview

• Component: FI-AR

• Component Name: Accounts Receivable

• Description: In Brazil, a type of financing that allows your customers to pay invoices with an extended due date, in that you arrange special financing for them with one or more predefined banks. You receive immediate payment from the bank, but also function as guarantor in the operation. In Portuguese, this procedure is known as payment by operação vendor.

vendor operation - Details

• 
  Key Concepts: 
  Vendor operation is a term used in the FI-AR Accounts Receivable component of SAP. It is a process that allows companies to manage their vendors and the payments they receive from them. This process includes creating vendor master records, managing vendor invoices, and tracking payments.
  
  How to use it: 
  To use vendor operation in SAP, companies must first create a vendor master record. This record contains information about the vendor, such as their contact information and payment terms. Once the master record is created, companies can then manage vendor invoices and track payments. They can also set up payment terms and conditions for each vendor.
  
  Tips & Tricks: 
  When creating a vendor master record, it is important to include all relevant information about the vendor. This will help ensure that all payments are tracked accurately and that vendors are paid on time. Additionally, it is important to review payment terms and conditions regularly to ensure they are up-to-date.
  
  Related Information: 
  Vendor operation is closely related to other processes in the FI-AR Accounts Receivable component of SAP, such as customer operation and credit management. Additionally, it is important to understand how these processes interact with each other in order to ensure accurate financial reporting.