What is settlement date in SAP BNS-CON - Concur?

SAP Term: settlement date

• Component: BNS-CON

• Component Name: Concur

• Description: The date when funds were removed from the client's account, typically the next day after the payment was initiated.

Smart SAP Assistant

• Key Concepts: 
  Settlement date is a term used in the BNS-CON Concur Expense component of SAP. It is the date when an expense report is settled and the payment is made to the employee. The settlement date is determined by the company’s payment terms and can be different for each expense report. 
  
  How to use it: 
  The settlement date is set when an expense report is created. It can be changed at any time before the payment is made. The settlement date can be found in the “Payment Terms” section of the expense report. 
  
  Tips & Tricks: 
  It is important to keep track of the settlement date for each expense report, as this will determine when the payment will be made. It is also important to ensure that all expenses are entered into the system before the settlement date, as any expenses entered after this date will not be included in the payment. 
  
  Related Information: 
  The settlement date is related to other terms such as payment terms, due date, and invoice date. Payment terms refer to the conditions under which a company pays its employees, while due date and invoice date refer to when an invoice must be paid by and when it was issued, respectively.