What is settlement document in SAP TM - Transportation Management?

SAP Term: settlement document

• Component: TM

• Component Name: Transportation Management

• Description: A record that is sent from SAP SAP to SAP ERP to perform the following tasks in SAP ERP: On the forwarding side, create, change, or cancel a billing document. SAP ERP sends the billing document to the customer and posts to financials. On the freight side, create, change, or cancel an accrual. The accrual can be used to verify the contents of an invoice received from a carrier later in the settlement process in SAP ERP. SAP ERP bills the customer, receives an invoice from the carrier, and posts to financials. SAP uses a freight settlement document to support the settlement process for freight procurement, and a forwarding settlement document to support the settlement process for selling freight services. A settlement document uses the details you specify in charge management master data, and in the freight document or forwarding order, to populate the necessary settlement information.

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• Key Concepts: 
  A settlement document is a document created in SAP Transportation Management (TM) that records the financial details of a shipment. It is used to settle the costs associated with the shipment, such as freight, fuel, and other related expenses. The settlement document also serves as a record of the shipment and can be used for future reference. 
  
  How to use it: 
  In SAP TM, settlement documents are created when a shipment is completed. The document contains all the necessary information about the shipment, such as the origin and destination, the carrier, and the cost of the shipment. Once the document is created, it can be used to settle the costs associated with the shipment. 
  
  Tips & Tricks: 
  When creating a settlement document in SAP TM, it is important to ensure that all of the necessary information is included. This includes details such as the origin and destination, carrier, and cost of the shipment. Additionally, it is important to ensure that all of the costs associated with the shipment are accurately recorded in order to ensure that they are properly settled. 
  
  Related Information: 
  Settlement documents are an important part of managing shipments in SAP TM. For more information on how to create and manage settlement documents in SAP TM, please refer to SAP’s official documentation on Transportation Management.