What is 'settlement run' in SAP SD - Sales and Distribution?

settlement run - Overview

• Component: SD

• Component Name: Sales and Distribution

• Description: A procedure in which payment request data is generated and sent to a clearing house.

settlement run - Details

• 
  Key Concepts: 
  A settlement run is a process in SAP Sales and Distribution (SD) that allows customers to settle their open invoices. This process is used to determine the amount of money that needs to be paid by the customer and the amount of money that needs to be received from the customer. The settlement run also updates the customer's account balance and creates a payment document for the customer. 
  
  How to use it: 
  To use the settlement run, first select the customer whose open invoices you want to settle. Then, enter the date range for which you want to settle the invoices. Finally, execute the settlement run. This will generate a payment document for the customer and update their account balance accordingly. 
  
  Tips & Tricks: 
  When running a settlement run, it is important to ensure that all open invoices are included in the process. This can be done by checking the invoice list before executing the settlement run. Additionally, it is important to check that all payment documents created by the settlement run are correct before sending them out to customers. 
  
  Related Information: 
  The settlement run is closely related to other processes in SAP SD such as billing and credit management. It is important to understand how these processes interact with each other in order to ensure accurate and efficient processing of customer payments.