Summary -

In this topic, we described about the Create Vendor Master Data process along with technical information.

Customer master records are used by both the Financial Accounting (FI) component and the Sales and Distribution (SD) component. If the company uses the SD application component, create and maintain customer master records either together or separately as follows –

  • Separately for the company code.
  • Separately for the sales area.
  • Centrally for both the company code and sales area in one step.

Vendor Master Data details are used by Accounting and Purchasing components. Creating a vendor Master record in Accounting needs to verify the master record is not created in purchasing.

Create Vendor Master Data: -

Below process is to create vendor A57799 (New Vendor).

Step-1: Enter the transaction code FK01 in the SAP command field and click Enter to continue.

Create Vendor Master Data

(OR)

Go to SAP Menu → Accounting → Finance Accounting → Accounts Payable → Master Records → FK01 - Create.

Create Vendor Master Data

Step-2: In the next screen, enter the below details and click Enter.

  • Account Group.
  • Company code where to create the vendor.
  • Unique Vendor id according to number range in Account Group.

Optional - In the Reference section:

  • Vendor field.
  • Company Code field.

Reference section details needs to be filled when the vendor creating using an existing vendor as a reference.

Create Vendor Master Data

Step-3: In the next screen, enter the below details in Address tab.

  • Name of the Vendor.
  • Search Term for searching the Vendor Id.
  • Street/House Number.
  • Postal code/City.
  • Country/Region.
Create Vendor Master Data

Step-4: Click on the Next page icon to move to the Control page.

Create Vendor Master Data

Step-5: In Account Control section page, enter the Corporate Group if the vendor belongs to a corporate group.

Create Vendor Master Data

Step-6: Click on the Next page icon to move to the Payment Transactions page. Enter the bank account details if any.

Create Vendor Master Data

Step-7: Click on the Next page icon to move to the Contact Persons page and enter contact persons names if any.

Create Vendor Master Data

Step-8: Click on the Next page icon to move to the Accounting Information Accounting page.

Create Vendor Master Data

Step-9: Enter the below information in the Accounting Information Accounting page.

  • Reconciliation Account.
  • Cash Management Group.
Create Vendor Master Data

Step-10: Click on the Next page icon to move to the Payment transactions Accounting page.

Create Vendor Master Data

Step-11: Enter the Payment Terms information in the Payment Transaction Accounting page.

Create Vendor Master Data

Step-12: Once all the details entered, click on the Save button to save the changes.

Create Vendor Master Data

The Status bar displays the message once the vendor created successfully.



Technical Information: -

  • Transaction Code: - FK01
  • Navigation path: - SAP Menu → Accounting → Finance Accounting → Accounts Payable → Master Records → FK01 - Create