how to use "one time contract accounts"

[henk_hoogerbrug]

Hello,

We are looking for background information regarding the "one time contract account" functionality. When should we use it? What is the main purpose of this functionality?

Does it really make sense to use the one time contract account functionality, or should we just create "normal" contract accounts for our business partners?

We are using IS-U, but we are also using SD for other sales. Our aim is to integrate the SD sales into the FI-CA subledger (in stead of FI-AR).

Best Regards,
Henk Hoogerbrug

[AmlanBanerjee · Accepted solution]

Henk, 

Understood you are planning to integrate the SD with FICA for the receivables management, but there are certain pre-requisites as well with respect to the BPs to be in sync within FICA and SD.

If you are using a BP in SD for posting SD order and subsequently SD invoice, that BP should also exists as Contract partner role (MKK) other wise you will not be create contract account in first place. 

Secondly, with respect to one time contract account, its not going to be easy if you have to manage payment settlement process and further downstream processes, like Returns or dunning.

Its better to go by the Normal Contract account process with SD FICA integration rather than going by 1 time CA approach. 

Thanks

Amlan

Not sure which Industry solution you are in, but for Utilities and Telecom, for One Time Contract account, you can multiple BPs as account holders.

[henk_hoogerbrug]

Hello Amlan,

Thanks for your reply.

We are using IS-U (Utilities) and we are aware of the prerequisites, because we are already integrating some SD orders into FI-CA.

I have also read something about multiple BP's assigned to one contract account.

One of the main reasons to get everything in FI-CA is that we are planning to implement FSCM Receivables Management.
So that is why we are investigating how we should setup / use the contract accounts.

Best Regards,
Henk Hoogerbrug