Which data attributes are stored on the contract account on SAP S/4HANA? Note: There are 2 correct answers to this question.

Question

Options

• ACustomer classification
• BDunning procedure
• CPayment terms
• DCentral data

• A
  5% (3)
• B
  88% (51)
• D
  7% (4)

Explanation

In SAP S/4HANA's Contract Accounts Receivable and Payable (FI-CA), the contract account is a financial sub-object linked to a business partner that stores transaction-relevant billing and collection settings. Dunning procedure (B) is stored here because it controls how overdue notices are sent for that specific contractual relationship. Payment terms (C) are also stored at the contract account level because they govern when payments are due for that contract.

Customer classification (A) is incorrect - classification data lives on the business partner/customer master record, not the contract account. Central data (D) is also incorrect - central data (name, address, communication details) belongs to the business partner master, which is a higher-level object that can have multiple contract accounts beneath it.

Memory tip: Think of the contract account as the "billing rulebook" for a specific agreement - it holds how to collect money (dunning) and when to collect it (payment terms). Everything about who the customer is (classification, central data) stays up on the business partner.

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