SAP business partner in S/4 HANA is now a new way of managing master data for Business Partners, Customers and Vendors. BP (Business Partner) is the single point of entry to create, edit, and display master data for vendors and you cannot use XK01 in S/4 HANA.
This is to explain the concept of Business partner in SAP.
In this video,
Detailed steps of creating Business partner for vendor - (Transactions - BP)
General data in business partner
Finance related data in BP
Purchasing related data in BP
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