Trading PArtner in GL

[Former Member]

When we create GL, in the 1st tab,i.e.Type/description, there is a key "Trading Partner".

What is the role of it? I understand that when we create company code, we give a trading partner over there. Hence wat is the role of this trading partner? If we give any trading partner then what SAP will do? IF we dont give, then what SAP will do??

Please if anyone can explain in detail.Looking forward

[Former Member]

As replied by Ramana, Trading partner is used in case of Business Consolidation.

If Trading partner is not maintained for internal customer (such as group companies), then the consolidation report will be incorrect.

Regards,

Rajesh Banka

[Former Member]

Trading partner is nothing but the Company, we create.

As part of Consolidation, this Trading partner is used in GL, Vendor & Customer Master.

In case of Consolidation reports, transactions between two company codes (for which Trading partner is same) should not be included.

VVR

[dominic_holdstock]

Hi,

If you enter a value in "Trading Partner" in the G/L masterdata, then all postings to that account will have that value defaulted. Generally an entry in the G/L masterdata is not required nor is it sensible to do so, because usually the "Trading Partner" value would be derived from the AP/AR Masterdata.

Kind regards

[Former Member]

Hi

In Business Terms Trading partner is your business partner within Group with whom you are doing business.In order to identify Inter Company transactions Trading partner field is used. You need to define all the Group Companies as company in SAP and all the defined Companies will be available for selection in Trading partner field. Trading partner can be defaulted in GL, Customer or Vendor Master. If you need you can populate trading partner at Document level too by doing settings in Document Type Master in T Code OBA7.

Trading partner is normally used to control (payment/transaction) vendor/customer business with the group. Something like group/inter group business. You have to go to master record. for eg, in customer master, go to CONTROL DATA tab so see Acccount Control, in which you have provide trading partner number/reference.

for furthur notes

http://help.sap.com/saphelp_nw04/helpdata/en/d6/249f40c18a2a54e10000000a1550b0/content.htm

nagesh