What is recordkeeping process in SAP SD-FT - Foreign Trade?

SAP Term: recordkeeping process

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A method of simplifying the customs declaration process. In this process, customs declarations are made routinely in the bookkeeping department of a company and the customs goods are transferred directly to a location authorized by the customs authorities in the place of business of those concerned for processing.

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• Key Concepts: 
  Recordkeeping process is a component of SAP Foreign Trade (SD-FT) that helps companies to keep track of their international trade activities. It enables companies to store and manage all the necessary documents related to their international trade activities, such as invoices, customs declarations, and export/import licenses. 
  
  How to use it: 
  The recordkeeping process in SAP Foreign Trade can be used to store and manage all the documents related to international trade activities. It also allows companies to track the status of their documents, such as whether they have been approved or rejected. Additionally, it can be used to generate reports on the status of documents and other related information. 
  
  Tips & Tricks: 
  When using the recordkeeping process in SAP Foreign Trade, it is important to ensure that all the necessary documents are stored and managed properly. Additionally, it is important to regularly review the status of documents and generate reports on their status. This will help ensure that all documents are up-to-date and accurate. 
  
  Related Information: 
  For more information on the recordkeeping process in SAP Foreign Trade, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use this component of SAP Foreign Trade.