CO Settlement

Definition

This component is used for settling actual costs that have been incurred by a real estate controlling object (business entity, property, building, rental unit, or rental agreement) – and which cannot be apportioned (either partially or completely) to one or more receivers.

The system generates offsetting entries automatically, crediting the sender with the appropriate amount.

You can still run a report on the original costs incurred even after the settlement run. You can also analyze the information flow from the recipient’s perspective.