What is settlement type in SAP IS-EC-CEM - Construction Equipment Management?

SAP Term: settlement type

• Component: IS-EC-CEM

• Component Name: Construction Equipment Management

• Description: Determination of how the recipient is settled. Together with the calendar ID, the complete month and the no. days/month indicators in the CEM settlement data of the recipient master record, it forms an important factor in long-standing determination of settlement data. There are the following settlement types for long-standing data determination: 1 Complete months + remaining calendar days 2 Complete months + remaining working days 3 Calendar days 4 Working days

Smart SAP Assistant

• Key Concepts: 
  Settlement type is a feature of the Construction Equipment Management (CEM) component of SAP. It is used to define the way in which costs and revenues associated with construction equipment are settled. This includes defining the cost elements, cost centers, and other related information that will be used for settlement. 
  
  How to use it: 
  Settlement type is used to define the settlement rules for construction equipment. This includes defining the cost elements, cost centers, and other related information that will be used for settlement. The settlement type can be set up in the CEM component of SAP. 
  
  Tips & Tricks: 
  When setting up a settlement type, it is important to ensure that all of the necessary information is included. This includes the cost elements, cost centers, and other related information that will be used for settlement. Additionally, it is important to ensure that the settlement type is set up correctly so that it can be used for accurate settlements. 
  
  Related Information: 
  For more information on setting up a settlement type in SAP CEM, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed instructions on how to set up a settlement type in SAP CEM.