What is automatic delivery cost settlement in SAP MM-IV - Invoice Verification?

SAP Term: automatic delivery cost settlement

• Component: MM-IV

• Component Name: Invoice Verification

• Description: Procedure for the automatic settlemend of delivery costs. In automatic delivery cost settlement, it is arranged with the creditor that the latter will not invoice you for delivery costs relating to an ordering transaction. Instead, the delivery costs will be settled automatically on the basis of the data from freight vendors, purchase orders, PO items, or bills of lading.

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• Key Concepts: 
  Automatic delivery cost settlement is a feature of the Materials Management (MM) component of SAP. It allows for the automatic settlement of delivery costs incurred during the goods receipt process. This feature is part of the Invoice Verification (IV) module of MM. 
  
  How to use it: 
  To use this feature, you must first set up the automatic delivery cost settlement in the system. This includes setting up the relevant account assignment objects and assigning them to the relevant accounts. Once this is done, you can then use the automatic delivery cost settlement feature to automatically settle any delivery costs incurred during goods receipt. 
  
  Tips & Tricks: 
  When setting up the automatic delivery cost settlement, it is important to ensure that all relevant account assignment objects are assigned to the correct accounts. This will ensure that all delivery costs are correctly settled and accounted for. 
  
  Related Information: 
  For more information on setting up and using the automatic delivery cost settlement feature in SAP, please refer to the official SAP documentation.