What is interim settlement in SAP MM-PUR - Purchasing?

SAP Term: interim settlement

• Component: MM-PUR

• Component Name: Purchasing

• Description: Settlement accounting with regard to a rebate arrangement before expiration of the validity period of the arrangement. Interim settlement also covers conditions with regard to which settlement is not yet due because either the validity end date of the rebate arrangement or the next end date of a period has not yet been reached.

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• Key Concepts: 
  Interim settlement is a process in SAP MM-PUR Purchasing that allows for the partial settlement of an invoice. This means that the invoice can be settled for a portion of the total amount due, and the remaining balance can be settled at a later date. This process is useful when dealing with large invoices or when there are multiple invoices to be settled.
  
  How to use it: 
  To use interim settlement in SAP MM-PUR Purchasing, first create an invoice document in the system. Then, select the “Interim Settlement” option from the menu. Enter the amount to be settled and select the payment method. Finally, save the document and post it to complete the process.
  
  Tips & Tricks: 
  When using interim settlement, it is important to keep track of all invoices and payments made. This will help ensure that all invoices are settled in a timely manner and that no payments are missed. Additionally, it is important to note that interim settlement can only be used for invoices that have not yet been posted. 
  
  Related Information: 
  Interim settlement is closely related to partial payment processing, which allows for partial payments to be made on invoices that have already been posted. Additionally, interim settlement can be used in conjunction with other payment methods such as credit cards or bank transfers.