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

SAP Term: supplier settlement

• Component: LO-AB

• Component Name: Agency Business (Global Trade)

• Description: A document used to settle items from different settlement documents collectively for one supplier.

Smart SAP Assistant

• Key Concepts: 
  Supplier settlement is a process in the LO-AB Agency Business (Global Trade) component of SAP that allows companies to settle payments with their suppliers. This process involves the creation of payment documents, the reconciliation of invoices, and the transfer of funds to the supplier. 
  
  How to use it: 
  To use supplier settlement in SAP, first create a payment document for each supplier. This document should include all relevant information such as the supplier’s name, address, and payment terms. Then, reconcile the invoices associated with each payment document. Finally, transfer the funds to the supplier using the payment document. 
  
  Tips & Tricks: 
  When creating payment documents for suppliers, make sure to double-check all information for accuracy. This will help ensure that payments are made correctly and on time. Additionally, it is important to keep track of all payment documents and invoices to ensure that all payments are accounted for. 
  
  Related Information: 
  For more information on supplier settlement in SAP, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature in SAP.