What is 'business residence' in SAP SRD-MD-OM - FDN-Organization Management?

business residence - Overview

• Component: SRD-MD-OM

• Component Name: FDN-Organization Management

• Description: An organizational unit that represents a geographically bound area of a company whose business activity is subject to uniform tax processing.

business residence - Details

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  Key Concepts: 
  Business residence is a term used in SAP's Organization Management component to refer to the physical location of a business. It is used to define the legal address of a company, and is used for tax and legal purposes. 
  
  How to use it: 
  In SAP, business residence is defined in the Organizational Management component. It can be accessed by navigating to the “Organizational Management” tab in the SAP menu, then selecting “Business Residence” from the drop-down menu. From there, you can enter the address of the business and save it. 
  
  Tips & Tricks: 
  When entering a business residence in SAP, make sure to double-check that all of the information is correct. This is especially important for tax and legal purposes, as incorrect information could lead to costly mistakes. 
  
  Related Information: 
  For more information on how to use business residence in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SRD-MD-OM/FDN/en-US