What is event charge in SAP FS-MCM - Master Contract Management?

SAP Term: event charge

• Component: FS-MCM

• Component Name: Master Contract Management

• Description: A fixed amount that the system calculates once for a master contract when an event occurs. The system calculates the charge for the account that is defined in the payment details, or for a participant account. &EXAMPLE& A charge that you levy when you add participant accounts to a master contract with the balance transfer feature. A charge that you levy when you close a facility.

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• Key Concepts: 
  Event charge is a feature of the FS-MCM Master Contract Management component of SAP. It allows users to define and manage charges that are triggered by certain events, such as the expiration of a contract or the completion of a service. Event charges can be used to track and manage costs associated with contracts and services. 
  
  How to use it: 
  Event charges can be set up in the FS-MCM Master Contract Management component of SAP. To do this, users must first define the event that will trigger the charge, such as the expiration of a contract or the completion of a service. Then, they must define the charge itself, including the amount and any applicable taxes. Finally, they must assign the charge to the relevant contract or service. 
  
  Tips & Tricks: 
  When setting up event charges in SAP, it is important to ensure that all relevant information is included. This includes not only the amount of the charge but also any applicable taxes or other fees. Additionally, it is important to ensure that the event charge is assigned to the correct contract or service. 
  
  Related Information: 
  For more information on event charges in SAP, please refer to the official SAP documentation on FS-MCM Master Contract Management. Additionally, there are many online resources available that provide detailed instructions on how to set up event charges in SAP.