ACCOUNT SETTLEMENT title: account settlement (FS-AM) (SAP Library - Glossary)
ACCOUNT SETTLEMENT category: Account Management (FS-AM)
ACCOUNT SETTLEMENT explained:
An Account Management (FS-AM) business object that determines the interest and charges that are calculated and posted periodically for accounts for a certain settlement period. The settlement frequency (time periods) can be set for all account contracts of a product, or individually for an account contract.
There are two mutually exclusive forms of account settlement that are depicted as features in the product and which can be chosen alternatively:
Standard account settlement Extended account settlementYou can settle accounts individually or in mass processing.
More terms such as account settlement in Dictionary A.
- Manual Assessment Preprocessor:
- Help use to improve the performance of running large assessment cycles when WBS elements are receiver CO objects and the allocation is based on actual costs. When you run assessment cycles based on cost account settlement definition.
- Manual Auction:
- Help mechanism that sets the price interactively based on predefined rules. The auction rules define the bidding process, price movement (forward or reverse), the winner determination parameters, and the account settlement explain.
- Manual Amount Of Loss:
- Help compensation, external loss adjustment expenses and loss reserves formed (for a financial year, or year in which loss is reported) in connection with an insurance policy, customer contact or in-force account settlement what is.
- Manual Alert Notification Mechanism:
- Help automatic alert notification. The following mechanisms exist: Pull mechanism The system sends information on all alerts that currently exist at regular intervals. Push mechanism The system sends a account settlement meaning.
- Manual Allocation Type:
- Help processes that can take place during allocation. Distribution Amounts and quantities of one or more sender objects are distributed to one or more receiver objects, from service cost centers to account settlement abbreviation.
