What is settlement type in SAP PE - Training and Event Management?

SAP Term: settlement type

• Component: PE

• Component Name: Training and Event Management

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

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• Key Concepts: 
  Settlement type is a feature of SAP’s Training and Event Management (PE) component. It is used to define the rules for how costs are allocated to different cost centers or cost objects. It also determines the settlement period, which is the time frame in which costs are settled. 
  
  How to use it: 
  Settlement type is used to define the rules for how costs are allocated to different cost centers or cost objects. This includes specifying the cost elements, cost centers, and other criteria that will be used for settlement. The settlement type also determines the settlement period, which is the time frame in which costs are settled. 
  
  Tips & Tricks: 
  When setting up a settlement type, it is important to consider the different cost elements that will be used for settlement. This will ensure that all costs are properly allocated and accounted for. Additionally, it is important to consider the settlement period when setting up a settlement type, as this will determine when costs are settled. 
  
  Related Information: 
  For more information on SAP’s Training and Event Management (PE) component and how to use settlement types, please refer to SAP’s official documentation on PE Training and Event Management. Additionally, there are many online resources available that provide detailed tutorials on how to use settlement types in SAP.