What is freight settlement document in SAP TM - Transportation Management?

SAP Term: freight settlement document

• Component: TM

• Component Name: Transportation Management

• Description: A document that is sent to SAP ERP requesting the verification of an invoice received from a supplier or carrier. When the invoice is received, SAP ERP checks it against the data from the freight settlement document. If you perform evaluated receipt settlement, the automatically generated invoice is based on the data from the freight settlement document.

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• Key Concepts: 
  A freight settlement document is a document used in SAP Transportation Management (TM) to record the costs associated with a shipment. It is created when the goods are shipped and contains information such as the cost of the shipment, the carrier, and any additional fees. The freight settlement document is used to reconcile the costs of the shipment with the customer's invoice. 
  
  How to use it: 
  In SAP TM, a freight settlement document is created when a shipment is created. The document contains information such as the cost of the shipment, the carrier, and any additional fees. This information is then used to reconcile the costs of the shipment with the customer's invoice. The freight settlement document can also be used to track and analyze shipping costs over time. 
  
  Tips & Tricks: 
  When creating a freight settlement document in SAP TM, it is important to ensure that all relevant information is included. This includes the cost of the shipment, the carrier, and any additional fees. Additionally, it is important to ensure that all information is accurate and up-to-date in order to ensure accurate reconciliation with the customer's invoice. 
  
  Related Information: 
  For more information on freight settlement documents in SAP TM, please refer to SAP Help Portal: https://help.sap.com/viewer/product/SAP_TM/9.6/en-US