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Introduction
A real estate business partner is a natural person or an organization with whom a business interest exists. The
functions of the business partner are defined in the financial transaction via business partner roles, such as
counterparty, issuer, payment bank or depository bank. The rights and obligations of the business partner are
defined at the time of assigning of the role category. One business partner can have multiple roles assigned.
Configurations
The major areas related to the Business Partner include generation of business partner number ranges,
assignment of the number ranges to the number group and in turn assigning them to the account group in FI.
Overview of the Application
Settings under Business Partner are done for defining the roles or for modifying the existing roles (for example,
customer and vendor roles).
Defining a Business Partner
A real estate business partner is a Natural person or an organization with whom a business interest exists.
Business Partner Number Ranges
Number range are assigned to business objects (or their sub-objects) of the same type.
Examples of such objects are business partners, G/L accounts, orders, posting documents and materials.
IMG->Business Partner->Relevant Settings for Business Partner->Number Ranges->Business Partner Number
Ranges
Vendor Roles
The settings for the role categories are to be defined to have a vendor account in Financial Accounting.
IMG->Business Partner->Business Partner Vendor->Vendor Roles