What is custom product in SAP FI-CA - Contract Accounts Receivable and Payable?

SAP Term: custom product

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: A specific instance of a standard product that is offered to only one business partner. A custom product exists only within a master agreement with the business partner. It is identified by the combination of the number of the master agreement and a product number, which is unique only within the master agreement.

Smart SAP Assistant

• Key Concepts: 
  Custom product is a feature of the FI-CA Contract Accounts Receivable and Payable component of SAP. It allows users to create custom products that can be used to manage customer contracts and accounts receivable and payable. The custom product feature allows users to define the characteristics of the product, such as the payment terms, payment methods, and other details. 
  
  How to use it: 
  To use the custom product feature, users must first create a custom product in the FI-CA Contract Accounts Receivable and Payable component. This can be done by selecting the “Create Custom Product” option from the menu. Once the product is created, users can then define its characteristics, such as payment terms, payment methods, and other details. 
  
  Tips & Tricks: 
  When creating a custom product, it is important to ensure that all of the necessary information is included. This includes payment terms, payment methods, and other details that are relevant to the product. Additionally, it is important to ensure that all of the information is accurate and up-to-date. 
  
  Related Information: 
  The FI-CA Contract Accounts Receivable and Payable component also includes features such as contract management, accounts receivable and payable management, and invoice management. Additionally, there are various reports available in this component that can be used to track customer contracts and accounts receivable and payable.