What is combined statement in SAP FS-MCM - Master Contract Management?

SAP Term: combined statement

• Component: FS-MCM

• Component Name: Master Contract Management

• Description: Notification that summarizes the statements of all accounts of a business partner for example, deposits, loans, credit card account in one statement. The business partner receives one statement instead of many individual statements. The combined statement agreement is part of the master contract.

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• Key Concepts: 
  Combined statement is a feature of the FS-MCM Master Contract Management component of SAP. It allows users to combine multiple invoices into one statement, making it easier to manage and track payments. The combined statement also provides a summary of all the invoices included in the statement, as well as the total amount due. 
  
  How to use it: 
  To use the combined statement feature, users must first create a master contract in SAP. Once the master contract is created, users can then add invoices to the contract. When all the invoices have been added, users can generate a combined statement for the contract. This will provide a summary of all the invoices included in the statement, as well as the total amount due. 
  
  Tips & Tricks: 
  When creating a master contract, it is important to ensure that all invoices are added to the contract before generating a combined statement. This will ensure that all invoices are included in the statement and that the total amount due is accurate. Additionally, it is important to review the combined statement before sending it out to customers, as this will help ensure accuracy and avoid any potential disputes. 
  
  Related Information: 
  For more information on using the combined statement feature in SAP FS-MCM Master Contract Management, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide step-by-step instructions on how to use this feature.