All the business records and business transactions of SAP FI are posted and managed in accounts for which a master record of each account need to be created. This master record includes the data which controls the business transactions which are recorded by the system. The complete information about the customer with whom desired to do business is also included in the master record.
The accounts and the sales department use the Customer master data. The centralized maintenance of the customer master data helps in avoiding duplication of the information and consistency.
Example – For instance, if there is a change in address of one of the customers, so only have enter the change once in the system, and the accounting and sales departments will always have up-to-date information.
Use the T-code FD01 or go to Accounting → Finance Accounting → Accounts Receivable → Master Records → Maintain Centrally → Create.
A new window appears wherein provide the following details:
Once Continue is selected, a new screen appears along with the customer data. Provide the customer data and save.
Click the Control Data tab and enter Corporate Group etc. if the customer belongs to a corporate group.
Click the second option Company Code data and go to Account Management.
Enter Recon. Account number from the list provided. Go to Payment Transactions, enter terms of payment, tolerance group, etc.
Once all the information is provided save the information by selecting the Save Icon.
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