What is settlement type in SAP PE-LSO - SAP Learning Solution?

SAP Term: settlement type

• Component: PE-LSO

• Component Name: SAP Learning Solution

• Description: The method defined for handling participation and cancellation fees. The settlement types are: Billing Activity allocation Free of charge

Smart SAP Assistant

• Key Concepts: 
  Settlement type is a feature of the SAP Learning Solution (PE-LSO) that allows users to define the criteria for how and when training costs are settled. It is used to determine the cost settlement period, cost settlement method, and cost settlement currency. 
  
  How to use it: 
  To use the settlement type feature, users must first define the criteria for how and when training costs are settled. This can be done by selecting a cost settlement period, cost settlement method, and cost settlement currency. Once these criteria have been defined, users can then assign a settlement type to each training activity. 
  
  Tips & Tricks: 
  When defining the criteria for how and when training costs are settled, it is important to consider the specific needs of the organization. For example, if an organization requires training costs to be settled on a monthly basis, then they should select a cost settlement period of “Monthly”. 
  
  Related Information: 
  For more information on how to use the settlement type feature in SAP Learning Solution (PE-LSO), please refer to the official SAP documentation.