What is business date in SAP FS-BP - Business Partner?

SAP Term: business date

• Component: FS-BP

• Component Name: Business Partner

• Description: The point in time at which a business partner version is valid. It is used in conjunction with the business partner number and the system time to uniquely identify a business partner version.

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• Key Concepts: 
  Business date is a field in the FS-BP Business Partner component of SAP that stores the date when a business partner was created or modified. It is used to track changes in the business partner's data over time. 
  
  How to use it: 
  The business date field can be used to view the history of changes made to a business partner's data. To view the business date, go to the FS-BP Business Partner component in SAP and select the business partner you want to view. The business date will be displayed in the top right corner of the screen. 
  
  Tips & Tricks: 
  When making changes to a business partner's data, make sure to update the business date field so that it reflects the current date. This will help ensure that any changes made are tracked accurately. 
  
  Related Information: 
  The FS-BP Business Partner component also contains other fields such as customer number, name, address, and contact information. These fields can be used to store additional information about a business partner and can be used in conjunction with the business date field to track changes over time.