What is supplier in SAP FI - Financial Accounting?

SAP Term: supplier

• Component: FI

• Component Name: Financial Accounting

• Description: Business partner from whom liabilities are due as a result of services received. Examples of these services include the following: A received delivery A received service Transfer of a right

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• Key Concepts: 
  A supplier in SAP FI Financial Accounting is an external entity that provides goods or services to a company. This could be a vendor, contractor, or other third-party. The supplier is responsible for delivering the goods or services to the company and is paid for their services. 
  
  How to Use It: 
  In SAP FI Financial Accounting, suppliers are managed through the Supplier Master Data. This data includes information such as the supplier’s name, address, contact information, and payment terms. This data is used to create purchase orders and invoices for the supplier. The supplier can then be paid through the Accounts Payable module. 
  
  Tips & Tricks: 
  It is important to keep the Supplier Master Data up-to-date in order to ensure accurate and timely payments. Additionally, it is important to review the payment terms of each supplier in order to ensure that payments are made on time and in accordance with the terms of the agreement. 
  
  Related Information: 
  For more information on managing suppliers in SAP FI Financial Accounting, please refer to the SAP Help Portal or contact your local SAP consultant.