What is sharing contract in SAP (FI-CA - Contract Accounts Receivable and Payable)?

SAP Term: sharing contract

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: The specification of services that apply for all individual contracts assigned to a sharing contract and which can be used by all contract partners.

Smart SAP Assistant

• Key Concepts: 
  A sharing contract is a type of contract in the FI-CA Contract Accounts Receivable and Payable component of SAP. It is used to share the costs and revenues of a contract between two or more parties. The contract can be used to define the terms of the agreement, such as the amount of money to be shared, the payment schedule, and any other conditions that must be met.
  
  How to use it: 
  To create a sharing contract in SAP, you must first create a contract account. This is done by entering the details of the agreement into the system, such as the parties involved, the amount to be shared, and any other conditions that must be met. Once this is done, you can then create a sharing contract by selecting the “Create Sharing Contract” option from the menu. This will open a window where you can enter the details of the agreement and save it.
  
  Tips & Tricks: 
  When creating a sharing contract in SAP, it is important to ensure that all parties involved are aware of their obligations and responsibilities under the agreement. It is also important to ensure that all payments are made on time and that any disputes are resolved quickly and efficiently.
  
  Related Information: 
  For more information on creating and managing sharing contracts in SAP, please refer to the official SAP documentation or contact your local SAP support team.