What is intercompany settlement in SAP TM - Transportation Management?

SAP Term: intercompany settlement

• Component: TM

• Component Name: Transportation Management

• Description: An internal payment between organizations that belong to different company codes in the same enterprise.

Smart SAP Assistant

• Key Concepts: 
  Intercompany settlement is a process in SAP Transportation Management (TM) that allows companies to settle transportation costs between two or more companies. This process is used when one company is responsible for the transportation of goods for another company. The process involves the calculation of the transportation costs, the creation of an invoice, and the payment of the invoice. 
  
  How to use it: 
  In order to use intercompany settlement in SAP TM, the two companies must first be set up as business partners in the system. Once this is done, the transportation costs can be calculated and an invoice can be created. The invoice can then be sent to the other company for payment. 
  
  Tips & Tricks: 
  When setting up intercompany settlement in SAP TM, it is important to ensure that all of the necessary information is entered correctly. This includes the cost of transportation, any discounts or surcharges, and any taxes or fees that may apply. Additionally, it is important to ensure that all invoices are sent out promptly and that payments are received on time. 
  
  Related Information: 
  For more information on intercompany settlement in SAP TM, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to set up and use intercompany settlement in SAP TM.