What is master contract charge in SAP FS-MCM-CSL - Combined Settlement?

SAP Term: master contract charge

• Component: FS-MCM-CSL

• Component Name: Combined Settlement

• Description: A charge that can be levied for a master contract application for each participating account of a master contract. The charge is calculated when the combined settlement is run.

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• Key Concepts: 
  A master contract charge is a type of charge that is used in the FS-MCM-CSL Combined Settlement component of SAP. It is a charge that is applied to a master contract, which is an agreement between two parties that outlines the terms and conditions of a business relationship. The master contract charge is used to track the costs associated with the master contract, such as fees, taxes, and other charges. 
  
  How to use it: 
  The master contract charge can be used to track the costs associated with a master contract. It can be used to calculate the total cost of the contract, as well as to track any changes in the cost over time. The charge can also be used to track any payments made by either party under the contract. 
  
  Tips & Tricks: 
  When setting up a master contract charge, it is important to ensure that all of the necessary information is included in the charge. This includes the amount of the charge, any applicable taxes or fees, and any other relevant information. Additionally, it is important to ensure that all of the charges are updated regularly so that they accurately reflect any changes in the cost of the contract. 
  
  Related Information: 
  The FS-MCM-CSL Combined Settlement component of SAP also includes other types of charges, such as service charges and usage charges. Additionally, there are other components within SAP that can be used to manage contracts and track costs associated with them, such as Contract Management and Cost Management.