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Create a Vendor Master Record-XK01,FK01 SAP Peers

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Create a Vendor Master Record-XK01,FK01

FEB 8 Posted by Manoj Kanwar Rathore

Overview
Use this transaction to create a new Vendor Master Record. Vendor Master Records contain supplier information that defaults to a system task when you enter the vendor number. You can create a record from scratch or copy an existing record.

Menu Path
From the SAP R/3 Screen, select the path: Logistics >> Materials management >> Purchasing >> (new menu) Master data >> Vendor >> Central >> Create

Fast Path
At the Command Line, enter: /NXK01

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Create Vendor: Initial Screen

Key Fields (Complete or Review)

Vendor To create a vendor master for a different purchasing organization, enter the vendor account number. Otherwise, leave blank. Company code Enter CUR for MIT. Purch. organization Enter one of the following purchasing organization codes: GPO General Purchasing SUB Subcontracts

Account group Enter one of the following account group codes: LIEF MIT vendor KRED MIT accounts payable vendor TRAV Travel reimbursement vendorTo tie the vendor master with a reference vendor, enter information in the following three fields, located in the Reference Box. Note: The information from the reference vendor defaults to the Vendor Master Record being created.

Vendor
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If using a reference vendor, enter the reference vendor number. (F4) to access a matchcode.

Company code If using a reference vendor, enter CUR for MIT. Purchase organization If using a reference vendor, enter one of the following purchase organization codes: GPO General Purchasing SUB Subcontracts

Next Step
(ENTER) to access the Create Vendor: Address Screen.

Create Vendor: Address Screen

Key Fields (Complete or Review)

Name Enter the vendors company name. Search term Enter the vendors abbreviated or short name to be used when searching for this vendor account.

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Street Enter the vendors full street address. Note: If a foreign vendor has a street address and a PO box, enter both in the street field (e.g., enter 123 Main Street, PO Box 123). PO box Enter the post office box number of the vendor. City Enter the vendors city. Postal code Enter the vendors zip code. P. O. Box city Enter any additional address information. PO box PCode Enter the postal code for the post office box if known. Country Enter the vendors abbreviated country name. (F4) to access the full list.

Region Enter the vendors abbreviated state name. (F4) to access the full list.

Language Enter E for English.

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Telephone1 Enter the vendors telephone number. Fax number Enter the vendors facsimile number if known.

Next Step
(ENTER) to access the Create Vendor: Control Data Screen.

Create Vendor: Control Data Screen

Key Fields (Complete or Review)

Tax code 1 To create an employee or sole proprietor vendor master record, enter the individuals Social Security number if known. Tax code 2 To create an employee vendor master record, enter the vendors Federal Employer Identification number if known. Sole proprietor Click if the vendor is a sole proprietor. Tax juris. code
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Enter the tax jurisdiction code for the city to which the goods are supplied if known. (F4) to access a matchcode.

Cred. info no. Enter the Dun & Bradstreet number as a reference for the credit agency if known. Last ext. review Enter the last date on which the credit data of the customer or vendor was checked externally if known.

Next Step
(ENTER) to access the Create Vendor: Payment Transactions Screen (Part 1).

Create Vendor: Payment Transactions Screen (Part 1)

Key Fields (Complete or Review)

Ctry Enter the code of the country in which the vendors bank is located. (F4) to access the full list.

Bank key Enter the Federal Reserve bank code (i.e., ABA or Chips number) that uniquely identifies the vendors bank.
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(F4) to access a matchcode.

Bank account Enter the vendors bank account number. Reference details Enter any additional specifications for the bank details of the customer/vendor. Collection To indicate there is collection authorization for customers, click the box. Alternative payee To have automatic payments made to a different vendor, enter an account number. (F4) to access a matchcode.

Payee in document To indicate that an alternate payee in the document is allowed, click. DME indicator Enter the data medium exchange indicator code if known. (F4) to access the full list.

Instruction key Enter the instruction key for data medium exchange if known. (F4) to access the full list.

Next Step
(ENTER) to access the Create Vendor: Accounting info. Screen.
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Create Vendor: Accounting info. Screen

Key Fields (Complete or Review)

Reconcil. acct Enter 200010 to indicate the AP Reconciliation Account for Vendors as the vendors G/L reconciliation account. Minority indic. Enter the code indicating whether the vendor is a small or minority-owned business. (F4) to access the full list.

W. tax code If the vendor is not subject to 1099 reporting, leave blank. Otherwise, enter the withholding tax code. (F4) to access the full list.

Exemption no. If the vendor is exempt from any withholding tax, enter the exemption certificate number. Otherwise, leave blank. Wth. tx cty If the vendor is subject to 1042 reporting and is non-exempt, enter the withholding tax country code. Otherwise, leave blank. (F4) to access the full list.
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Valid until If the vendor is exempt, enter the date on which the exemption from withholding tax runs out. Otherwise, leave blank. Prev. acct. no. Enter the vendors previous VAPS number if known.

Next Step
(ENTER) to access the Create Vendor: Payment Transactions Screen (Part 2).

Create Vendor: Payment Transactions Screen (Part 2)

Key Fields (Complete or Review)

Payment terms Enter ZB00 to indicate the terms of payment being within 30 days due net. (F4) to access the full list.

Chk double inv. Click the box to have the system automatically check for duplicate invoices when posting is made to the vendor account. Payment methods
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Enter C to indicate the method used to pay the vendor is by Check. Payment block Enter the block for payment code for the vendor account if known. (F4) to access the full list.

Alternat. payee Enter the account number of the alternate payee if known. (F4) to access a matchcode.

House bank Enter SHAWM to indicate the ID for the house bank. (F4) to access the full list.

Individual pmnt Click the box to indicate that all items are to be paid separately during automatic payment transaction. Grouping key Enter 01 to indicate Document Types.

Next Step
(ENTER) to access the Create Vendor: Correspondence Screen.

Create Vendor: Correspondence Screen

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Key Fields (Complete or Review)

Dunn. procedure Enter 0002 to indicate MIT Dunning Procedure for Accounts Payable. Acct at vendor Enter our account number at the vendor if known. Account memo Enter any additional information concerning the vendor.

Next Step
(ENTER) to access the Create Vendor: Purchasing Data Screen.

Create Vendor: Purchasing Data Screen

Key Fields (Complete or Review)

Order currency Enter USD to indicate US dollars as the purchase order currency.
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(F4) to access the full list.

Terms of paymnt Enter ZB00 to indicate the terms of payment being within 30 days due net. (F4) to access the full list.

Control of price dt. Enter the date used in the price determination process if known. (F4) to access the full list.

Salesperson Enter the name of the responsible salesperson at the vendors office if known. Telephone Enter the salespersons telephone number if known. Purchase group Enter the purchasing group if known. (F4) to access the full list.

Planned Deliv. Time Enter the planned delivery time in days if known.

Required Selection
Click the box beside one or more of the following fields in the Control Data Box:

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GR-based inv. verif. To indicate GR-based invoice verification. ERS To indicate evaluated receipt settlement. Automatic PO To indicate that purchase orders are to be generated automatically from purchase requisitions if the requisition has been assigned to the vendor. Subseq. sett. To indicate if the vendor is subject to subsequent settlement accounting. B.vol.comp./ag. To indicate a comparison/agreement of business volumes is necessary.

Next Step
(ENTER) to access the Create Vendor: Partner functions Screen.

Create Vendor: Partner functions Screen

Key Fields (Complete or Review)

Partner function
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Enter the abbreviated form of the name that identifies the partner function if known. Number Enter the number of the business partner in the Vendor Master Record if known. (F4) to access a matchcode.

DP Click to indicate default partner for the particular partner function.

Next Step
(F11) to save the Vendor Master Record. The Create Vendor: Initial Screen reappears, and a message indicating that the vendor record has been created appears in the System Message Line at the bottom of the screen. Copyright 1996, Massachusetts Institute of Technology. All rights reserved.

About Manoj Kanwar Rathore

I am Manoj Kanwar Rathore. I am a SAP FICO Consultant, Chartered Accountant, certified IFRS and certified SOX professional. I have passion to work on SAP ERP, reading books and learning/sharing peers/my knowledge. View all posts by Manoj Kanwar Rathore Posted on February 8, 2011, in SAP FI. Bookmark the permalink. Leave a Comment.

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