settlement

Controlling (CO)

Full or partial allocation of calculated costs from one object to another.

The following objects can be senders of settlement

The following objects can be receivers of settlement:

SAP Oil & Gas (IS-OIL)

A settlement in the sense of an exchange is, in most cases, the monthly setting up of a list containing the exchanged materials and fees incurring. With the settlement, the logical inventory of the exchanged materials will be balanced, and a list of the fees incurring will be created. A billing document will not be created here, but through the normal billing process.

Sales & Distribution (SD)

The process by which a clearing house receives a request for payment from a merchant (retailer), then reimburses that merchant for cleared payment card transactions, minus its own fee.

Treasury Management (TR-TM)

The status of a transaction changes after this checking and monitoring stage. Missing information relating to payments and postings can be added at this point.