The Business Partners module manages all information relevant to your relationships with customers, suppliers and potential customers (stakeholders) and also performs and reviews internal reconciliations of business partners.
Business Partners and Accounts
SAP Business One distinguishes between Business Partners and G/L accounts:
- Business Partners are all clients, suppliers and potential clients of the company.
- G/L accounts are all entities defined in the company's chart of accounts, such as expenses, income, assets, and liabilities.
SAP Business One connects Business Partners and G/L accounts through associated accounts defined during system initialization and which may vary depending on different business partners.
All purchase and sales operations are posted to the corresponding associated accounts. In this way you access the global balance, the customer balance and the supplier balance of a general ledger account. Additionally, the balance of a specific customer or supplier can be accessed.