What is 'final settlement' in SAP IM - Investment Management?

final settlement - Overview

• Component: IM

• Component Name: Investment Management

• Description: The final settlement is the closing settlement of a capital investment measure at its completion. Typically, the completed capital investment measure is settled to assets. This settlement is the bookkeeping equivalent of a transfer between the balance sheet item "assets under construction" and the balance sheet items for completed capitalized assets.

final settlement - Details

• 
  Key Concepts: 
  Final settlement is a process in SAP Investment Management (IM) that allows for the closure of an investment project. This process involves the transfer of all remaining assets and liabilities from the investment project to the general ledger. The final settlement also includes the calculation of any remaining costs or profits associated with the project. 
  
  How to use it: 
  To use final settlement in SAP IM, first select the investment project you wish to close. Then, enter the closing date and any other relevant information. Finally, click “Final Settlement” to complete the process. 
  
  Tips & Tricks: 
  When performing a final settlement, it is important to ensure that all assets and liabilities associated with the project have been transferred to the general ledger. Additionally, it is important to double-check that all costs and profits associated with the project have been accurately calculated. 
  
  Related Information: 
  For more information on final settlement in SAP IM, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.