Financial Business Partner Groups (tfacr0110m000)

Use this session to maintain financial business-partner groups.

To work with the Accounts Receivable module, you must link the invoice-to business partners to a financial business-partner group in the Invoice-to Business Partner (tccom4112s000) session of the Common module.

On the appropriate menu, you can click Invoice-to Business Partners to list the invoice-to business partners of the selected financial business partner group.

To define or view the ledger accounts and dimensions for the business partner group, double click a business partner group. The Accounts by Financial BP Group (tfacr0110m100) session starts.

Field Information

Business Partner Group

Define a code for the financial business partner group. All the transactions you conclude for the members of a financial business partner group, are posted to the ledger accounts and dimensions defined for the financial business partner group.

Description

The description or name of the code.

Default Sales Type

The default sales type for the business partner group. This can be the sales type for regular sales.

Text

If this check box is selected, a text is present. Information about the financial business partner group can be defined here.

Interest Rate Code

The code for the penalty interest. Penalty interest is calculated for interest amount that is overdue. This interest rate code is assigned to the financial business partner group.

Description

The description of the Interest Rate Code.

Z5 Reporting

Indicates whether Z5 reporting is required for the business partner group.

You can select the following values:

  • Affiliated

    Z5 reporting is required for the business partner group, and you use the financial business partner group for associated business partners in other countries.
  • Non Affiliated

    Z5 reporting is required for the business partner group, and you use the financial business partner group for non-associated business partners.
  • Not Applicable

    Z5 reporting is not required for the business partner group.

You can use the Print Z5 Report (tfcmg3455m000) session to print a report of foreign payments.