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

SAP Term: settlement calendar

• Component: MM-PUR

• Component Name: Purchasing

• Description: A calendar in which validity periods for conditions and planned settlement dates are stored. The due date for settlement between the parties to a rebate arrangement is the last day of a validity period. &EXAMPLE& The validity period January 1 to April 30 is agreed for a condition a volume-based rebate for example. Settlement with regard to this condition is to be effected at the end of each month. Final settlement is due on April 30.

Smart SAP Assistant

• Key Concepts: 
  Settlement calendar is a feature in SAP MM-PUR Purchasing that allows users to define the payment terms for vendors. It is used to determine the payment date for invoices and other documents related to vendor payments. The settlement calendar also helps to ensure that payments are made on time and in accordance with the terms agreed upon with the vendor. 
  
  How to use it: 
  To use the settlement calendar, users must first define the payment terms for each vendor. This can be done by entering the payment terms in the vendor master record. Once the payment terms have been defined, users can then create a settlement calendar for each vendor. The settlement calendar will then be used to determine the payment date for invoices and other documents related to vendor payments. 
  
  Tips & Tricks: 
  It is important to ensure that the payment terms defined in the vendor master record are accurate and up-to-date. This will help ensure that payments are made on time and in accordance with the terms agreed upon with the vendor. Additionally, it is important to regularly review and update the settlement calendar to ensure that payments are made on time. 
  
  Related Information: 
  For more information about how to use the settlement calendar in SAP MM-PUR Purchasing, please refer to SAP Help documentation or contact your local SAP support team.