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

SAP Term: settlement variant

• Component: RE

• Component Name: Real Estate Management

• Description: A number of settlement periods adding up to a year. The settlement year does not have to correspond to the calendar year. Settlement variants can be year-dependent.

Smart SAP Assistant

• Key Concepts: 
  Settlement variant is a feature in SAP Real Estate Management (RE) that allows users to define the settlement rules for a particular contract. It defines the conditions under which a contract is settled, such as the payment terms, the amount of the settlement, and the date of settlement. The settlement variant also determines how the settlement is calculated and how it is posted to the general ledger. 
  
  How to use it: 
  To use a settlement variant, users must first create a contract in RE. Once the contract is created, users can select a settlement variant from the list of available variants. The selected variant will then be used to determine the conditions for settling the contract. Users can also modify existing settlement variants or create new ones to meet their specific needs. 
  
  Tips & Tricks: 
  When creating or modifying a settlement variant, it is important to consider all of the conditions that may affect the settlement process. This includes payment terms, interest rates, and other factors that may affect the amount of money that needs to be paid or received. Additionally, users should ensure that all of the necessary information is included in the settlement variant so that it can be accurately applied when settling contracts. 
  
  Related Information: 
  For more information on using settlement variants in SAP RE, please refer to SAP Help documentation or contact your local SAP support team. Additionally, there are several online resources available that provide detailed instructions on how to use and configure settlement variants in SAP RE.