Hi Jatin,
Business partners can be organizations (firms, branch offices), persons, or groups of persons or organizations in which your company has a business interest.
Business Partner Categories: The business partner category denotes whether a business partner is a natural person (private individual), organization (legal person/entity or part of a legal entity, such as a department), or a group.
When you create a business partner, you have to select a business partner category. Depending on the business partner category, a certain set of fields has to be filled with data.
The selection of name fields available is defined by the business partner category. You can enter the following data:
- Organization: Form of address, name, legal form, industry, legal entity
- Person: Form of address, first and last name, other name components (such as name prefixes and affixes and academic title), gender
- Groups: Form of address, two names, partner group type (marriage, shared living arrangement
It is not possible to create any other business partner categories. You cannot alter the business partner category at a later stage.
Business Partner Role Types: Rights and obligations taken on by a business partner in different business transactions
A business partner role can be used to classify a business partner in business terms.
A business partner is a cross-role entity. This means that each business partner is automatically assigned the role Business Partner (General), independent of the business transactions or functions involved, or the business context in which the business partner is first relevant to your company. You can extend the business partner by creating it in additional new roles, reflecting other functions that it has. Central data, such as name, address, and bank details, only has to be created once.
The basis for defining a business partner role is a business transaction. The attributes of the role are determined by the requirements of the particular transaction. The data that is available for a transaction also depends on the business partner category.
Some of the examples of BP Role Types are Sold-to Party, Ship-to Party, Bill-to Party, Payer, Prospect, Internet User, Employee etc.
Hope this is useful to you
regards
Srikantan
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