What is intercompany settlement in SAP FI-CA-INV - Convergent Invoicing?

SAP Term: intercompany settlement

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Intercompany settlement supports cross-company-code business processes between two companies of a corporate group. One company code requests services that a supplying company code provides. It includes the generation of an intercompany invoice by the company code supplying the service to the requesting company code, the automatic posting of a debit memo request in the supplying company code, and a payable to the supplying company in the requesting company code.

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• Key Concepts: 
  Intercompany settlement is a process in SAP FI-CA-INV Convergent Invoicing that allows companies to settle invoices between each other. This process is used to ensure that all invoices are settled in a timely manner and that the correct amount is paid. The process involves creating an invoice for each company, which is then sent to the other company for payment. Once the invoice is paid, the amount is credited to the appropriate company's account.
  
  How to use it: 
  To use intercompany settlement in SAP FI-CA-INV Convergent Invoicing, first create an invoice for each company involved in the transaction. Then, send the invoice to the other company for payment. Once payment is received, credit the appropriate company's account with the amount paid. Finally, reconcile the accounts to ensure that all invoices have been settled correctly.
  
  Tips & Tricks: 
  When using intercompany settlement in SAP FI-CA-INV Convergent Invoicing, it is important to ensure that all invoices are sent and received in a timely manner. Additionally, it is important to reconcile accounts regularly to ensure that all invoices have been settled correctly.
  
  Related Information: 
  For more information on intercompany settlement in SAP FI-CA-INV Convergent Invoicing, please refer to the official SAP documentation or contact your local SAP representative.