What is customer and supplier account (cash flow management) in SAP SRD-FIN-ACP - FIN-Payables?

SAP Term: customer and supplier account (cash flow management)

• Component: SRD-FIN-ACP

• Component Name: FIN-Payables

• Description: An account of all trade receivables and payables of a company from or to a business partner. It also contains guidelines and agreements concerning the payments and dunning of receivables and payables for a business partner.

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• Key Concepts: 
  Customer and supplier accounts are used in SAP cash flow management to track payments and receipts from customers and suppliers. The accounts are used to record the amount of money owed to or by a customer or supplier, as well as the date of payment or receipt. The accounts can also be used to track the status of payments and receipts, such as whether they have been paid or received.
  
  How to use it: 
  In SAP cash flow management, customer and supplier accounts are used to record payments and receipts from customers and suppliers. The accounts can be used to track the amount of money owed to or by a customer or supplier, as well as the date of payment or receipt. The accounts can also be used to track the status of payments and receipts, such as whether they have been paid or received.
  
  Tips & Tricks: 
  When setting up customer and supplier accounts in SAP cash flow management, it is important to ensure that all relevant information is entered accurately. This includes the amount of money owed, the date of payment or receipt, and the status of payments and receipts. It is also important to ensure that all customer and supplier accounts are kept up-to-date in order to ensure accurate tracking of payments and receipts.
  
  Related Information: 
  For more information on SAP cash flow management, please refer to the SAP Help Portal (https://help.sap.com/viewer/product/SRD-FIN-ACP/FIN-Payables-Cash_Flow_Management). Additionally, you can find more information on customer and supplier accounts in the SAP Library (https://help.sap.com/doc/saphelp_erp60_sp/6.0/en-US/f3/f3c1c2b8d111d189700000e8322d00/frameset.htm).