What is settlement period in SAP RE - Real Estate Management?

SAP Term: settlement period

• Component: RE

• Component Name: Real Estate Management

• Description: The periods in which the service charge settlements are to be made.

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• Key Concepts: 
  Settlement period in SAP Real Estate Management (RE) is a period of time during which all the transactions related to a particular contract are settled. This period is usually set by the contract and can range from one day to several months. During this period, all the transactions related to the contract are recorded and accounted for. 
  
  How to use it: 
  In SAP RE, settlement periods are used to track and manage all the transactions related to a particular contract. The settlement period is set when the contract is created and can be changed at any time. During the settlement period, all the transactions related to the contract are recorded and accounted for. 
  
  Tips & Tricks: 
  It is important to ensure that the settlement period is set correctly when creating a new contract in SAP RE. This will ensure that all the transactions related to the contract are recorded and accounted for accurately. 
  
  Related Information: 
  Settlement periods are also used in other areas of SAP such as Financial Accounting (FI) and Controlling (CO). In FI, settlement periods are used to track and manage all the financial transactions related to a particular account or customer. In CO, settlement periods are used to track and manage all the cost and revenue related to a particular project or activity.