I need the exact definations of the following terms in Oracle AR and the books & web sites from which the information is obtained:Party, Organization, Person, Party Relationship, Location, Party Site, Contact Point, Account and Account Site.Thanks in advance

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krish

  • Apr 13th, 2006
 

A party is an entity that can enter into business and can be of the type Organization orPerson. A party exists separately from any business relationship that it enters in to with another party. Information about a party such as addresses and contacts can be shared with the customer accounts of the party. For example, Vision Distribution could be a party within your trading community.

A customer is an organization or person with whom you have a selling relationship. This selling relationship can result from the purchase of products and services or from the negotiation of terms and conditions that provide the basis for future purchases. For example, a division of Vision Distribution could become one of your customers.

A customer account represents the business relationship that a party can enter in to with another party. The account has information about the terms and conditions of doing business with the party. For example, you could open a commercial account for purchases to be made by Vision Distribution for its internal use and a reseller account for purchases made by Vision Distribution for sales of your products to end-users

A party site is the location where a particular party is physically located. Every party has only one identifying address, but a party can have multiple party sites.

A customer address is a party site used in the context of a customer account for billing, shipping, or other purposes.

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