What is settlement document in SAP LO-AB - Agency Business (Global Trade)?

SAP Term: settlement document

• Component: LO-AB

• Component Name: Agency Business (Global Trade)

• Description: A document used to settle one or more business transactions between the invoicing party and the payer.

Smart SAP Assistant

• Key Concepts: 
  A settlement document is a document used in SAP LO-AB Agency Business (Global Trade) to record the financial transactions between a principal and an agent. It is used to settle the accounts between the two parties and to ensure that all payments are made in a timely manner. The settlement document contains information such as the amount of money due, the date of payment, and any other relevant details. 
  
  How to use it: 
  In order to create a settlement document, the user must first enter the relevant information into the system. This includes the amount of money due, the date of payment, and any other relevant details. Once this information is entered, the system will generate a settlement document which can then be printed or emailed to both parties. 
  
  Tips & Tricks: 
  It is important to ensure that all information entered into the system is accurate and up-to-date. This will help to ensure that all payments are made in a timely manner and that there are no discrepancies between the two parties. Additionally, it is important to keep track of all settlement documents in order to ensure that all payments are accounted for. 
  
  Related Information: 
  Settlement documents are closely related to invoices and purchase orders. Invoices are used to record sales transactions between two parties while purchase orders are used to record purchases made by one party from another. Settlement documents are used to settle accounts between two parties after both invoices and purchase orders have been processed.