What is combined settlement in SAP FS-MCM-CSL - Combined Settlement?

SAP Term: combined settlement

• Component: FS-MCM-CSL

• Component Name: Combined Settlement

• Description: A component that executes the settlement across a group of participant accounts of a master contract. This settlement comprises the bundle pricing calculation and the interest and charge compensation for a master contract. In a combined settlement, the system reads the attributes of the participant accounts and master contracts. It calculates the interest and charges for the group. Next, it posts the result to the account specified in the payment details of the master contract. Alternatively, it is possible to distribute interest to the participants in the case of compensation.

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• Key Concepts: 
  Combined settlement is a process in SAP that allows for the simultaneous settlement of multiple cost elements to a single cost object. This process is used to reduce the number of settlement documents and to simplify the settlement process. It is part of the Financial Supply Chain Management (FS-MCM) module in SAP. 
  
  How to use it: 
  To use combined settlement, you must first create a settlement profile. This profile contains the cost elements and cost objects that will be used in the settlement process. Once the profile is created, you can then use the combined settlement transaction to settle multiple cost elements to a single cost object. 
  
  Tips & Tricks: 
  When creating a settlement profile, it is important to ensure that all of the cost elements and cost objects are correctly specified. This will ensure that the combined settlement process runs smoothly and accurately. Additionally, it is important to check that all of the cost elements are correctly assigned to the correct cost objects before running the combined settlement transaction. 
  
  Related Information: 
  For more information on combined settlement, please refer to SAP's official documentation on Financial Supply Chain Management (FS-MCM). Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use combined settlement in SAP.