What is registration card in SAP FI - Financial Accounting?

SAP Term: registration card

• Component: FI

• Component Name: Financial Accounting

• Description: A card, in the United Kingdom, that the Inland Revenue issues to builders wishing to act as subcontractors under the terms of the Construction Industry Scheme. There are no conditions attached to this card. The card, which is also known as a CIS4 card, is proof that the construction company has registered as a subcontractor with the Inland Revenue. Tax must be withheld on payments to cardholders.

Smart SAP Assistant

• Key Concepts: 
  A registration card is a document used in SAP Financial Accounting (FI) to record the details of a customer or vendor. It contains information such as the customer or vendor’s name, address, contact details, and payment terms. The registration card is used to create a master record for the customer or vendor in SAP FI. 
  
  How to use it: 
  To create a registration card in SAP FI, go to the “Vendor Master” or “Customer Master” menu and select “Create Registration Card”. Enter the required information and save the card. The registration card will then be stored in the system and can be used to create a master record for the customer or vendor. 
  
  Tips & Tricks: 
  When creating a registration card, make sure to enter all of the required information accurately and completely. This will ensure that the master record created for the customer or vendor is accurate and up-to-date. 
  
  Related Information: 
  For more information on creating registration cards in SAP FI, refer to the SAP Help documentation.