Adjust Requisite Field Settlement For Free

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How to Adjust Requisite Field Settlement

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How is settlement calculation performed in condition contract settlement?

The settlement documents created from the settlement report use pricing to calculate the amount of the rebate claim on the basis of the respective condition contract. As a rule, settlement documents are created with a posting block. You can use output control for the settlement documents to send them to the supplier.

What is settlement management?

Settlement Management functionality supports all types of settlement processes, including core business processes that need to be fully integrated in the order-to-cash cycle or within in a procure-to-pay scenario, such as condition contract settlement (rebate settlement), as well as standalone processes, whereby you

What is condition contract in SAP?

The condition contract is a document that you used to enter conditions that refer to one or several vendors or customers, or to one or several products. You do not have to specify eligible partners or be restricted to single customers or customer groups. In this way, you create a list of eligible partners or customers.

What is condition contract?

Contract Conditions This means that each of the parties is obligated, or required, to perform a duty under the contract. The contract conditions determine the parties' obligations. A condition is an act or event that affects a party's contractual duty. It is a qualification that is placed on an obligation.

What is rebate sap?

A Rebate is a discount given to customer based on customer's Sales (Volume or quantity) for a time period. Rebates can be given retroactively. To process rebates, a Rebate agreement is created with the customer based upon certain criteria (time period, customer, material, customer-material and receiver of the rebate).

What is a rebate agreement?

A rebate agreement represents a contract between two business partners, defining the terms and conditions of a discount that is paid after the purchase of a product. For example, you can define the rebate recipient, the rebate value, and the criteria on which the rebate is based.

How does the rebate work?

A rebate is an amount paid by way of reduction, return, or refund on what has already been paid or contributed. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales. The mail-in rebate (MIR) is the most common.

How does a rebate program work?

A rebate is a price incentive that a business places upon a certain product or service which has the net effect of reducing cost to the consumer. Rebates are sometimes called cash refunds, or cash back, since they often come as a reimbursement from the money spent on a purchase.

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