Several colleagues have asked questions about integration between Materials Management (MM) and Financial Accounting (FI) module:
- How do postings from MM flow into FI?
How can we make Trading Partner a required entry while posting financial accounting documents for certain GL Accounts?
There are three possible alternatives to achieve this goal: Field Status Groups, Document Types and FI Validation. We will look at each of these options below.
Trading Partner: Definition
Trading Partner is a term used in trade and commerce and can be generally defined as “one of the two or more participants in an ongoing business relationship”1