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What is Trading partner and what is the significance having this in G/L?

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What is Trading partner and what is the significance having this in G/L?
Stechies

The concept of trading is used to settle and reconcile inter comp transactions both sales and purchases,this is generally achieved by entering the comp id to which a customer belongs in the trading partner fields under the a/c control in the customer master record you can do a similar entry in the vendor master record


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