What is extended settlement in SAP FS-AM-EP-ST - Settlement?

SAP Term: extended settlement

• Component: FS-AM-EP-ST

• Component Name: Settlement

• Description: A special form of settlement for which the time periods for interest settlement and charge settlement can be different.

Smart SAP Assistant

• Key Concepts: 
  Extended settlement is a feature of the FS-AM-EP-ST Settlement component of SAP. It allows for the settlement of open items in a single step, rather than having to settle them individually. This can be done by either manually entering the settlement amounts or by using a predefined settlement rule. The extended settlement feature also allows for the automatic creation of payment documents, which can be used to pay off the open items. 
  
  How to use it: 
  To use extended settlement, first select the open items that you want to settle. Then, enter the settlement amounts or select a predefined settlement rule. Finally, click on the “Settle” button to initiate the extended settlement process. The payment documents will then be created automatically and can be used to pay off the open items. 
  
  Tips & Tricks: 
  When using extended settlement, it is important to ensure that all of the open items are selected correctly and that the correct settlement amounts are entered. Additionally, it is important to check that all of the payment documents have been created correctly before initiating payment. 
  
  Related Information: 
  For more information on extended settlement in SAP, please refer to the official SAP documentation at https://help.sap.com/viewer/product/FS-AM-EP-ST/latest/en-US/f9f8d7a2b3e14c8a9f3d7c6b2f5e4d1a.html