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

SAP Term: technical settlement

• Component: FS-AM-EP-ST

• Component Name: Settlement

• Description: A settlement without interest and charge calculation.

Smart SAP Assistant

• Key Concepts: 
  Technical settlement is a process in the SAP FS-AM-EP-ST Settlement component that allows for the transfer of funds from one account to another. It is used to settle accounts between two parties, such as a customer and a vendor. The process involves the transfer of funds from one account to another, and can be used for both internal and external settlements. 
  
  How to use it: 
  To use technical settlement in SAP FS-AM-EP-ST Settlement, first create a settlement document. This document will contain the details of the transaction, such as the accounts involved, the amount to be transferred, and any other relevant information. Once the document is created, it can be processed and the funds will be transferred from one account to another. 
  
  Tips & Tricks: 
  When using technical settlement in SAP FS-AM-EP-ST Settlement, it is important to ensure that all of the details are correct before processing the document. This will help to avoid any errors or delays in the settlement process. Additionally, it is important to keep track of all documents related to the settlement process, as this will help with any future reconciliation or audit processes. 
  
  Related Information: 
  Technical settlement is just one of many processes available in SAP FS-AM-EP-ST Settlement. Other processes include payment processing, invoice processing, and reconciliation. Additionally, there are various reports available in SAP FS-AM-EP-ST Settlement that can be used to monitor and analyze the settlement process.