Customer Account Groups in SAP are created to use in both SD and Financial Accounting module. SAP delivers different types of default customer account groups to have the flexibility of creating your own group either as a new entry or by copying an existing master data.
Based on your specific requirements in SAP, you also have the flexibility of creating your own.
There are four Standard group that most of the organizations are creating;
- Sold to Party
- Ship to Party
- Bill to Party
These are used to control different fields of master records.
Creation of Master Data in SAP
Customer Master is created by using two Transaction codes. One transaction code is XD01 through which you can create the master with sales view and the other transaction code is FD01 where we create the master with FI view.
The concept of vendor account group and general ledger account groups is similar to customer account Group. The only difference between these groups is that these are created from different transaction codes.