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

SAP Term: settlement type

• Component: RE

• Component Name: Real Estate Management

• Description: The way the service charges service charge key participate in the service charge settlement. The SAP system predefines the following settlement types: No participation Advance payment Flat rate Final settlement

Smart SAP Assistant

• Key Concepts: 
  Settlement type is a feature of SAP Real Estate Management (RE) that allows users to define the way in which payments are made for a particular real estate transaction. It is used to determine the payment terms, such as the payment frequency, payment amount, and payment date. The settlement type also determines the accounting entries that are created when a payment is made. 
  
  How to use it: 
  In order to use the settlement type feature, users must first create a settlement type in the RE system. This can be done by navigating to the Settlement Type Maintenance screen and entering the relevant information. Once the settlement type has been created, it can be assigned to a particular real estate transaction. This will ensure that all payments associated with that transaction are processed according to the terms defined in the settlement type. 
  
  Tips & Tricks: 
  When creating a settlement type, it is important to ensure that all of the relevant information is entered correctly. This includes the payment frequency, payment amount, and payment date. Additionally, it is important to ensure that all of the accounting entries associated with the settlement type are correct. 
  
  Related Information: 
  For more information on how to use settlement types in SAP Real Estate Management, please refer to SAP Help documentation or contact your local SAP support team.