What is ABN in SAP (FI-LOC - Localization)?

SAP Term: ABN

• Component: FI-LOC

• Component Name: Localization

• Description: Financial Accounting FI A registration number the Australian business number assigned to legal persons there.

Smart SAP Assistant

• Key Concepts: 
  ABN stands for Australian Business Number, which is a unique identifier issued by the Australian Taxation Office (ATO) to businesses operating in Australia. It is used to identify businesses for taxation and other regulatory purposes. 
  
  How to use it: 
  In SAP FI-LOC Localization, ABN is used to identify the business in Australia. It is used to store the ABN of the business in the system and can be used for reporting purposes. 
  
  Tips & Tricks: 
  When entering the ABN into SAP FI-LOC Localization, make sure that it is entered correctly as it will be used for reporting purposes. 
  
  Related Information: 
  For more information on ABN, please refer to the ATO website: https://www.ato.gov.au/Business/ABN/.