1. SAP Glossary
  2. SAP for Mill Products
  3. header settlement rule


What is header settlement rule in SAP IS-MP - SAP for Mill Products?


SAP Term: header settlement rule

  • Component: IS-MP

  • Component Name: SAP for Mill Products

  • Description: Mill Products Industry Solution The primary or initial formula allocating costs alternatively, revenues incurred by the sending cost object to one or more receiving cost objects.


Smart SAP Assistant

  • Key Concepts: 
    Header Settlement Rule is a feature of the IS-MP SAP for Mill Products component. It allows users to define a set of rules that will be used to determine the settlement of a header document. This includes the determination of the settlement currency, the payment terms, and the payment method. 
    
    How to use it: 
    To use the Header Settlement Rule, users must first define the rules in the system. This can be done by navigating to the “Header Settlement Rule” tab in the IS-MP SAP for Mill Products component. Once the rules have been defined, they can be applied to any header document that is created in the system. 
    
    Tips & Tricks: 
    When defining Header Settlement Rules, it is important to consider how they will affect other documents in the system. For example, if a rule is set to use a certain currency for settlement, then all documents related to that header document must also use that currency. 
    
    Related Information: 
    For more information on Header Settlement Rules, please refer to the IS-MP SAP for Mill Products documentation. Additionally, there are several online resources available that provide more detailed information on how to use this feature.
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