Split Conditional Field Settlement For Free

You can use this workflow to release condition contracts. You can activate the approval process for the condition contract type in Customizing: Logistics ? General Settlement Management Condition Contract Management Condition Contract Maintenance Define Condition Contract Types: Choose field Activate Approval Process.

This is a very important part of Settlement Management. Condition Contract allows to store all information related to an agreement, such as parent customer, eligible partner and contract conditions. It also contains important information, such as prices and the validity of the agreement.

When creating a condition contract with condition types that require subsequent settlement, you must provide settlement dates, the information needed to calculate the business volume, which determines the settlement amount and validity dates. Accruals can be posted when invoices are created.

S/4HANA Condition Contracts are a powerful new feature used to manage rebate, commission and royalties agreements with customers or suppliers. They're typically used to grant discounts or commissions for meeting quantity or value targets for sales or purchase volumes.

In addition to defining the settings of certain calendar entries to generate the settlement date automatically, you can also specify whether you have to settle the contract as account payables or receivables. In the business volume base data you specify the criteria for which business volume the settlement belongs to.

Path to Create Contract Step 1 ? On the SAP Menu screen, select the Create execute icon by following the above path. Step 2 ? Provide the name of the vendor, type of contract, purchasing organization, purchasing group, and plant along with the agreement date.