Financial business-partner data

Other business partner financial data consists of composed invoice balances, open invoice balances, and aging summaries. Order balances are stored by sales office or purchase office, and invoice balances are stored by accounting office.

You must supply default business partner financial details, which are not linked to a specific financial company. LN uses the default details for the financial companies for which you do not define specific details. To define the default business partner financial details, you can work in any financial company, or a company of type Both, in your multicompany structure.

The default data is specified when you define the first instance of a financial business-partner role. When defining the first instance of a role, you cannot specify a department. Thus the data applies to all departments of all the companies in your multicompany structure, unless data is specified for a specific department. See To define business partner financial details by financial company.

In a multifinancial company structure, business partners' financial data can vary by financial company. The financial data can vary, for example, in a single logistic, multifinancial company structure in which the financial companies reside in different countries.

For example, in various countries the business partner can use different invoicing methods, and different bank relations. In such a situation, you can define the business partner’s financial roles separately for each financial company.

LN uses the financial company's accounting office to link the specific financial business partner details to the financial company. A financial company's accounting office is defined in the Finance Company Parameters (tfgld0503m000) session of the financial company.

To specify the financial business partner data for a specific financial company, or a company of type Both, you must work in this company. To indicate that the financial data applies to this company, you must select the company's accounting office. See To define business partner financial details by financial company.

Within a financial company, for each business-partner role the financial data can vary for specific departments. For example, a company has sales offices in Germany and in the United Kingdom, which both conduct business with the same business partner. In the different countries, you can then use a different default currency and different invoicing methods for the business partner.