What is the significance of vendor account group?

Question

Accepted Answer

Vendor account group determines the fields that are mandatory for a vendor master record.

Vendor account group is used to group vendors based on certain criteria such as payment terms, delivery time, etc.
It determines the fields that are mandatory for a vendor master record.
It also determines the number range for vendor account codes.
For example, a vendor account group can be created for domestic vendors and another for international vendors.
Each vendor account group can have its own set of fields that are mandatory for the vendor master record.

Accepted Answer

Vendor account group determines the fields that are mandatory for a vendor master record.

Accepted Answer

The vendor account group plays an important role in vendor master data because it has many controlling functions. It’s used to categorize vendors, and vendors similar in nature are grouped together (such as one-time vendors, domestic ven-
dors, overseas vendors, employee vendors, etc.). You create vendor master data in Transaction XK01

Accepted Answer

It categorize the vendor group. vendor in similar nature are group together such as (one time vendor , domestic vendor , employee vendor etc)

vendor account group controls the

field selection in the vendor master record
number assignment (internal and external)
number ranges interval.
vendor status (it determine whether the vendor is one time vendor) that means particular use of vendor master record in our business.

Accepted Answer

Vendor account group is a classifying the feature of vendor master record on SAP ERP . It determines the following

1. Interval from which unique number is assigned to vendor

2. Whether the number is assigned by internal or external

Accepted Answer

Vendor account group is a classifying the feature of vendor master record on SAP ERP . It determines the following

1. Interval from which unique number is assigned to vendor

2. Whether the number is assigned by internal or external

Accepted Answer

1.To create and assign internal or external number range for the vendor master.

Field selection for the vendor master
We can also define the vendor is one time vendor or not
We can maintain regular vendor or local vendor or foreign vendor based on the vendor account group

Accepted Answer

Vendor account group contols the following

1) Number range

2) Field status

3) Status of the account

4) Partner schema

Accepted Answer

It controls the fileds in Vendor master record. U can hide a field or Display a field

Accepted Answer

Vendor Account group is very important in terms of Procurement process and Valuation. Vendor account group classify similar featured and attribute vendors and allow them to group together in order to number them in a specific number range. It will be very usful further in order to collect data and information related to such Vendor and there supplies.

Accepted Answer

Vendor account group is a classifying the feature of vendor master record on SAP ERP . It determines the following

1. Interval from which unique number is assigned to vendor

2. Whether the number is assigned by internal or external

What is the significance of vendor account group?

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